Global #Federal Reserve

Bitcoin has experienced a decline of 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. The broader cryptocurrency market is under pressure as investors prepare for the Federal Reserve’s anticipated first interest rate cut in over four years.

On September 4, 2024, the Federal Reserve issued a cease and desist order against United Texas Bank, a financial institution known for its engagement with cryptocurrency clients.

Following a notable upsurge in the cryptocurrency markets last weekend, digital assets have maintained their gains, driven by the Federal Reserve's recent statements.

The cryptocurrency market is poised for a major event on August 23, 2024, as Bitcoin and Ethereum face a combined options expiry worth $1.5 billion.

Benjamin Cowen, a prominent crypto strategist, has recently shared insights on the crypto market’s potential trajectory, emphasizing the Federal Reserve's role in influencing Bitcoin's performance.

The Federal Reserve Bank of Boston’s President Susan Collins recently suggested that the central bank might consider easing interest rates soon. This potential shift, with cuts possibly beginning on September 18, could significantly impact financial markets, sparking a bullish trend.