Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
Major cryptocurrency markets took a breather from their recent Fed rate cut optimism-fuelled rally on Wednesday, with traders instead turning to the DEX markets to hunt for top crypto gainers today.
Bitcoin (BTC) slipped back towards $63,000 on Wednesday, with traders awaiting a speech from Fed Chair Jerome Powell on Thursday and important US inflation data on Friday.
The world’s largest crypto was last down around 1.25% in the past 24 hours per CoinMarketCap.
Most other major altcoins were nursing similar losses, with the exception of Solana (SOL) and Toncoin (TON).
Upside volatility likely beckons for these aforementioned major cryptos in the final quarter of 2024.
October is usually a strong month for major cryptos and the start of a new Fed rate cutting cycle adds to upside risks next month.
Read more on cryptonews.com