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Bitcoin (BTC) and the broader crypto markets are navigating challenging conditions, historically worsened by September’s seasonality struggles. In a recent report, Kaiko researchers recently explored how a potential US rate cut and other key economic events could affect Bitcoin. These four charts provided by the analysts explain what to expect from BTC in the coming weeks. Monthly Change in Bitcoin Price in September As BeInCrypto reported, the third quarter has historically been challenging for Bitcoin and the broader crypto market, with September…

With the ongoing slump in Bitcoin (BTC) and the broader crypto market, traders should prepare for potential price swings this week, driven by key US economic updates. Bitcoin is hovering around $54,000, with experts predicting more downward movement. Historically, September is the worst-performing month for BTC, but there’s hope for a rebound in October. Key US Economic Events to Watch This Week Risk-on assets like Bitcoin have started the week quietly. The largest cryptocurrency is currently trading at $54,800, reflecting…

The post Trump Aims to Make U.S. the ‘Crypto Capital’ as He Launches New Venture appeared first on Coinpedia Fintech News Former U.S. President Donald Trump is making bold promises to turn the U.S. into the “crypto capital of the planet” if he wins the upcoming presidential election. In his latest move, Trump enters the crypto space, questions are rising about how his new venture, World Liberty Financial (WLFI), might fit into existing regulatory frameworks. Trump’s Tied Crypto WLFI Donald…

The post Ripple Co-Founder Backs Kamala Harris for U.S. Presidency: How Will This Affect XRP Price? appeared first on Coinpedia Fintech News Ripple co-founder Chris Larsen has recently come forward as one of the corporate leaders endorsing Vice President Kamala Harris for the 2024 U.S. presidential election (as reported by Coindesk). This move contrasts with Ripple CEO Brad Garlinghouse’s political leanings, which have supported Senate Republicans. For the unversed, Ripple has long been engaged in a legal battle with the…

The post Bitcoin Rallies as U.S. Job Growth Hints At 25 Basis Point Rate Cut appeared first on Coinpedia Fintech News Ahead of the U.S. jobs report, Bitcoin (BTC) and the cryptocurrency market experienced a solid decline. Bitcoin’s price fell to approximately $55,200 in the last 24 hours, marking a month low. Yet, following the release of positive job data, Bitcoin regained its momentum, now aiming for a potential bullish weekend. The addition of 142K jobs in the U.S. has…

In a new video analysis, popular crypto analyst Dan Gambardello delved into the potential future of the Cardano (ADA) price amidst the troubling forecasts of a US recession. With a significant following of 369,000 on YouTube, Gambardello highlighted the general unease among ADA holders and general crypto investors due to the ongoing economic discourse surrounding a potential recession. Will Cardano Bottom In December? He drew parallels between historical S&P 500 behavior and current market conditions, noting, “On average the S&P…

Markets anticipate a 50 basis point (bp) rate cut in September amid deteriorating US Job data. According to the US Non-farm Payrolls (NFP) data released on Friday, the US economy added 142,000 jobs in August, below the expected 164,000. Due to this anticipation, Bitcoin shot up over 2% within 30 minutes. Bitcoin Approaches $57,000 At the time of writing, Bitcoin (BTC) is trading for $56,821, swiftly moving towards the $57,000 mark. The August unemployment rate hit expectations, coming in at…

Bitcoin has been under intensified selling pressure since the start of the week, with the largest cryptocurrency experiencing a nearly 4% drop in value over the past seven days. This decline brought Bitcoin to a one-month low of $55,690 earlier on Wednesday, raising concerns among investors about its near-term trajectory. Could Fed Rate Cuts Drive Bitcoin Beyond $100,000?  A market expert known as “Chicken Genius” recently shared his insights on social media, suggesting that the $55,000 mark could represent a…

The US Securities and Exchange Commission (SEC) has announced a settlement with troubled crypto hedge fund Galois Capital. The SEC charged Galois with failing to meet critical requirements for safeguarding customer assets, including those the agency stated were “securities”. FTX Costs Galois Capital Half Of Managed Assets According to the SEC’s announcement on Tuesday, Galois Capital’s missteps began in July 2022 when the firm allegedly did not ensure that certain crypto assets held by its private fund were maintained with…