Industry watchers say that while the rate cut has so far proved to be a short-term catalyst for crypto, the longer-term economic outlook remains uncertain.
Market participants were uncertain about the size of the rate cut prior to the Fed meeting, laying the groundwork for market volatility.
Bitcoin futures and options metrics are neutral despite BTC reaching its highest price in 3 weeks.
Bitcoin fell 2.7% over the past 24 hours to change hands at around $58,551.Ether slid 5.38% over the same time frame.
Bitcoin joins gold in rising as markets see a bigger chance of a 0.5% interest rate cut.
Coinbase launches DeFi version of Bitcoin (cbBTC) to increase decentralized use.
The UK has passed a new bill that will allow crypto and other digital assets to be recognised as personal property.
Now U.S. users of Paypal and Venmo can enter ENS names to send crypto, eliminating the need to copy and paste wallet addresses.
Creators walk off with $44m as project shuts down.
The Crypto Fear and Greed Index has dropped to 22, indicating extreme fear.
Cryptocurrency markets traded lower on Thursday, bringing the industry’s total market capitalization closer to the $2 trillion mark.
In the settlement, the CFTC alleged that Uniswap Labs offered leveraged or margined retail commodity transactions illegally.
