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🌙 Markets Dip After Reports of Trump Assassination Attempt

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.

Author

Mike Gavela
September 16, 2024

In partnership with

Crypto Roundup - September 16

In the latest crypto and economic developments, Bitcoin and Ether faced significant declines following rumors of a potential rate cut, which was further fueled by a false report of an assassination attempt on former President Trump. Amidst these market fluctuations, Senator Elizabeth Warren called for a substantial rate cut to mitigate the risk of a looming recession. Additionally, Bitcoin mining profitability remains at record lows, as the rising hashrate and falling prices contribute to ongoing challenges in the sector, according to JPMorgan.

Top Stories

  • Bitcoin and Ether drop following a rumor of a rate cut and a false report about an assassination attempt on Trump.

  • Elizabeth Warren calls for a mega rate cut to help stave off a potential economic recession.

  • Bitcoin mining profitability hits record lows as prices decline and the hashrate continues to rise, according to JPMorgan.

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TOP STORIES

Bitcoin and ether dip after Friday rally amid rate-cut expectations, reports of Trump assassination attempt

The prices of bitcoin and ether slid amid reports of another assassination attempt on Donald Trump, and Fed rate-cut expectations.

www.theblock.co/post/316539/bitcoin-ether-rate-cut-trump-assassination-attempt

Warren calls for mega rate cut to save the economy — here’s why it’s a bad idea

Investors could take a jumbo rate cut as a sign that the US economy is in danger, and that could lead to a sell-off.

www.dlnews.com/articles/markets/warren-calls-for-mega-rate-cut-to-save-economy-from-recession

Bitcoin Mining Profitability Remains at All-Time Lows as Prices Fall, Hashrate Rises, JPMorgan Says

U.S.-listed bitcoin miners fell in the first half of the month as the world's largest cryptocurrency loitered below $60K and the network hashrate returned to pre-halving levels, the report said.

www.coindesk.com/markets/2024/09/16/bitcoin-mining-profitability-remains-at-all-time-lows-as-prices-fall-hashrate-rises-jpmorgan-says

FUNDRAISING

OTHER HEADLINES

Trump's Crypto Gambit: What We Know About Today's Launch of World Liberty Financial

Former president Donald Trump, campaigning as the Republican nominee for the U.S. election in November, has teased plans for an official announcement on Monday of a new crypto company. Certain details of the project have already leaked out in draft proposals.

www.coindesk.com/tech/2024/09/16/trumps-crypto-gambit-what-we-know-about-todays-launch-of-world-liberty-financial/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

SBF Appeals Fraud Conviction, Claiming Unfair Trial on Bankless

Sam Bankman-Fried's legal team files appeal, citing unfair trial and presumed guilt. Defense argues FTX faced liquidity crisis, not insolvency.

www.bankless.com/sbf-appeals-fraud-conviction-claiming-unfair-trial

Binance Founder Changpeng Zhao Set to Be Released Next Week - "The Defiant"

CZ’s four-month prison sentence will end on September 29.

thedefiant.io/news/people/binance-founder-changpeng-zhao-set-to-be-released-next-week

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