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The Federal Reserve’s rate cuts have been good for Bitcoin and the broader economy. Major banks like Goldman Sachs, Morgan Stanley, Bank of America, and others have adjusted their predictions for the impact of these cuts. These new predictions vary significantly between these banks’ respective analytics. Big Boost for Bitcoin The Federal Reserve decided on a 50-point rate cut, and different sectors of the crypto economy are rallying, including Bitcoin, which surged from $57,400 to $64,000. Bullish sentiment is sweeping…

A filing published on September 20 revealed that the US Securities and Exchange Commission (SEC) approved options trading for BlackRock’s spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT).  This approval opens a new chapter for investors seeking to manage their exposure to Bitcoin through advanced financial instruments. BlackRock’s Bitcoin ETF Options Approval Could Spark a Market Chain Reaction The move allows physically settled options on the IBIT, further integrating Bitcoin into traditional financial markets. This new tool will enable…

Business intelligence firm MicroStrategy spent nearly $458.2 million on Friday, September 20, buying approximately 7,420 Bitcoin (BTC) tokens. The Virginia-based company disclosed this acquisition in a recent regulatory filing with the US Securities and Exchange Commission (SEC). MicroStrategy Grows Bitcoin Portfolio MicroStrategy recently announced the pricing of its $875 million offering of 0.625% Convertible Senior Notes, which will be sold privately to qualified institutional buyers. These notes can be converted into cash or MicroStrategy stock (MSTR). In a press release…

Bitcoin-backed lending has experienced steady growth over the past few years, but new deals and increasing market interest signal that this could be the start of a massive surge. With institutional backing and rising adoption rates, this market may soon undergo exponential growth, fundamentally transforming credit markets on a global scale. Bitcoin-Backed Lending: A Growing Market Opportunity The Bitcoin-backed lending and credit market has quietly gained momentum within the crypto industry. Although several firms have explored this concept for a…

BNB price started a fresh increase above the $550 resistance zone. The price is now consolidating near $600 and might aim for more gains. BNB price started a fresh increase above the $550 resistance zone. The price is now trading below $580 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $585 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $575 level…

XRP price is attempting an upside break above $0.600. The price is showing positive signs, but a weekly close above $0.600 is needed for a fresh surge. XRP price started another increase toward the $0.6050 zone. The price is now trading above $0.5880 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.590 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish…

Ethereum price started a fresh upward move above the $2,500 resistance. ETH is now gaining pace above $2,600 and might continue to rise. Ethereum started another increase from the $2,400 resistance. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,650 resistance to continue higher in the near term. Ethereum…

Bitcoin price gained pace above the $62,500 resistance. BTC even cleared the $63,200 level and is now consolidating gains above $63,500. Bitcoin is gaining pace above the $63,200 resistance zone. The price is trading above $63,400 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend gains if it stays above the $62,500…

Polkadot ($DOT) will likely close in the red following a week of tumultuous movement, which saw it fall to a low of $3.98. $DOT has, however, recovered from its low and currently trades for $4.32.  Polkadot ($DOT) is trading at $4.32 after falling to a low of $3.98 earlier this week. $DOT made a solid run to recover its lost ground but failed to break above $4.50 on Friday despite reaching $4.49.  $DOT Trades in the Red $DOT is trading…