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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

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  • 11:54
    CryptoQuant: Bitcoin Institutional Investors Are 'Buying on the Downside,' Giant Whale Has Raised 100,000 Positions in Nearly a Week
    On July 12, on-chain analytics platform CryptoQuant revealed in a Quicktake blog post that Bitcoin institutional investors are 'buying on the downside,' adding more than 100,000 BTC to their positions in just one week.
  • 11:53
    Dough Finance asks hackers to reply or return funds by 23:00 on July 15
    As monitored by CyversAlerts, Dough Finance has sent an on-chain message to the hackers urging them to discuss next steps to resolve the issue. They have asked the hackers to send them an email or return the funds by 23:00 UTC on July 15, 2024 or face legal action. It was previously reported that potentially suspicious activity related to Dough Finance was detected with a loss of $1.81 million.
  • 11:52
    The negative impact of Fed rate cuts on crypto markets cannot be ignored
    On July 12, CoinDesk cited a report by Markus Thielen, founder of 10x Research, who said that if the Federal Reserve cuts interest rates in September 2024 simply because of inflation concerns, this could be a short-term positive for bitcoin. However, if economic growth concerns lead to a rate cut, either in September or later, Bitcoin could face significant selling pressure. In addition, strategists at the Wells Fargo Investment Institute said the arrival of a Fed rate-cutting cycle tends to coincide with a sharp decline in the stock market. Since 1974, the stock market has fallen an average of about 20 percent in the 250 days following the Fed's first rate cut. This means cryptocurrency traders should be wary of signs of weakness in the U.S. economy.