Ethereum

Bitcoin

Reserve

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-surge-as-investors-anticipate-federal-reserve-rate-cuts/" data-wpel-link="internal">Bitcoin and Ethereum Surge as Investors Anticipate Federal Reserve Rate Cuts</a><br></p>
<p style="text-align: justify">Bitcoin has surged over 12% in the past week, surpassing $60,000. This increase coincides with investor expectations that the Federal Reserve will lower interest rates by 50 basis points. The extent of the rate cut remains a significant concern for the market.</p> 
<h2 id="microstrategy-s-major-investment">MicroStrategy’s Major Investment</h2> 
<p style="text-align: justify">Tech entrepreneur Michael Saylor believes Bitcoin will yield substantial long-term gains. He has suggested that Bitcoin could reach $13 million within 21 years. His company, MicroStrategy, announced this week that it has invested an additional $1.1 billion in Bitcoin.</p> 
<h2 id="ethereum-makes-a-comeback">Ethereum Makes a Comeback</h2> 
<p style="text-align: justify">Ethereum has shown an 11% increase over the past week, reaching $2,442. Attempting to recover from the year’s lowest levels, Ethereum is signaling signs of recovery. These developments are drawing investors’ attention back to Ethereum.</p> 
<h2 id="developments-with-tether-and-ripple">Developments with Tether and Ripple</h2> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/tether-launches-recovery-tool-for-stablecoin-transfers-across-blockchains/" data-wpel-link="internal">Tether</a> has faced criticism due to a lack of transparency. Consumer protection group Consumers’ Research noted that Tether has not provided adequate transparency regarding its dollar reserves. Meanwhile, the price of XRP, associated with Ripple , rose by 10% following Grayscale’s announcement of a new product.</p> 
<p style="text-align: justify">Former FTX CEO Sam Bankman-Fried’s lawyers have filed to dismiss fraud charges against him. The lawyers argue that Bankman-Fried has sufficient cash to pay back customers after the collapse. This development has resonated widely within the <a href="https://en.coin-turk.com/faruk-fatih-ozer-main-suspect-in-thodex-incident-denies-all-accusations-in-court/" data-wpel-link="internal">crypto</a> community.</p> 
<p style="text-align: justify">The rises in Bitcoin and Ethereum have boosted investor confidence in the markets. As uncertainties about the Fed’s interest rate cuts persist, the impact on crypto assets is eagerly anticipated. MicroStrategy’s significant investment and other market developments offer crucial insights into the future trajectory of <a href="https://en.coin-turk.com/analyst-michael-van-de-poppe-gives-insight-on-altcoins-and-bitcoin-trends/" data-wpel-link="internal">cryptocurrencies</a>.</p> 
<p>The post <a href="https://en.coin-turk.com/bitcoin-and-ethereum-surge-as-investors-anticipate-federal-reserve-rate-cuts/" data-wpel-link="internal">Bitcoin and Ethereum Surge as Investors Anticipate Federal Reserve Rate Cuts</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin and Ethereum Surge as Investors Anticipate Federal Reserve Rate Cuts

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