Crypto Market Forecast 18 September 2024
Sep 18, 05:38 PM
The daily crypto market 18 September 2024 overview predicts bearish conditions for Bitcoin and Binance Coin, with rain-like conditions, while most altcoins, such as Uniswap, Avalanche, Cardano, and XRP, will experience light drizzles. In contrast, Ether and Dogecoin show signs of optimism, benefiting from slightly bullish conditions. Over the week, Bitcoin, Binance Coin, and Uniswap will face continued drizzle, while Ether and Solana encounter heavier bearish conditions. However, Avalanche and Litecoin are expected to enjoy bullish trends.
Cryptocurrencies rallied on expectations of a Federal Reserve interest rate cut, with Bitcoin exceeding $61,000. Lower interest rates are predicted to boost risk assets like cryptocurrencies by making borrowing cheaper. Ether’s growth potential remains robust, with Ethereum dominating decentralized finance and stablecoins. Binance Coin rose despite controversy, as Binance rejected responsibility for WazirX’s July hack. Meanwhile, the SEC continues its scrutiny of NFTs, fining Flyfish Club for offering unregistered securities.
Lastly, JPMorgan, while cautious on blockchain, remains a leading user, running its private network, Onyx, on Ethereum.
Cryptocurrencies rallied on expectations of a Federal Reserve interest rate cut, with Bitcoin exceeding $61,000. Lower interest rates are predicted to boost risk assets like cryptocurrencies by making borrowing cheaper. Ether’s growth potential remains robust, with Ethereum dominating decentralized finance and stablecoins. Binance Coin rose despite controversy, as Binance rejected responsibility for WazirX’s July hack. Meanwhile, the SEC continues its scrutiny of NFTs, fining Flyfish Club for offering unregistered securities.
Lastly, JPMorgan, while cautious on blockchain, remains a leading user, running its private network, Onyx, on Ethereum.