03042 ChinaAMC Bitcoin ETF
- 7.290
- -0.015-0.21%
Evercore Chairman Emeritus: If Harris is elected President of the United States, he will be more cryptocurrency-friendly than Biden.
Ralph Schlosstein, the honorary chairman of Evercore, a well-known investment bank on Wall Street, said that if Harris is elected President of the United States, she will be more "friendly" to businesses than Biden.
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Crypto ETFs Record $436 Million Net Inflows as Hopes of 50bp Rate Cuts Resurfaces
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Bitcoin Regains Its Correlation With the S&P 500 Ahead of FOMC Meet
Is the bull back? The reason for today's BTC rise to $0.06 million is bitcoin.
Affected by the US PPI data and the Federal Reserve's 50 basis point interest rate cut, the price of Bitcoin reached $60,000 today. Institutional BTC purchases also boosted momentum.
On the eve of the September interest rate meeting, a report ignited expectations of a 50 basis point interest rate cut, causing stocks, gold, and bitcoin to all rise.
"New Federal Reserve Communications Agency" article stated that Federal Reserve officials are considering whether to cut 25 or 50 basis points. Futures linked to the Federal Reserve's policy rate indicate that traders on Friday expect the probability of a 50 basis point rate cut by the Federal Reserve to rise to 47%, with a close to 50/50 chance, while the probability estimated on Thursday was only 28%.