Fed Rate Cut Hopes Boost Crypto Market

Amidst a quiet cryptocurrency market, Bitcoin hovers between ninety thousand and ninety-five thousand dollars, while most other digital assets remain stagnant. The CoinDesk twenty and eighty indexes both dip over two percent, with ZEC being the only major token showing significant gains. Traders await the Federal Reserves interest rate meeting, expected to bring volatility, leading investors to hold off on major investments. Dick Lo of TDX Strategies reports clients delaying larger investments until after the Feds announcement, anticipating increased trading activity later this week. CF Benchmarks suggests these expectations could set the stage for a rally, while BRN data shows sellers dominating the spot market with soft trading volumes. In other news, Vitalik Buterins proposal for predictable transactions and a trustless on-chain gas futures market gains attention, and KuCoin unveils a new prototype system integrating quantum-resistant cryptographic algorithms.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.