The crypto market is in a better mood than it has been for the past four months, as the FOMC’s decision to cut interest rates has buoyed most of the top altcoins.
Bitcoin (BTC) and Ethereum (ETH) picked up pace last week following the fed rate cut, and optimism is high among traders and investors.
There’s more news from a new token looking to launch on Ethereum’s network, too, and there’s no better timing for a token launch in the crypto-verse!
Fed Rate Cut Aftershocks: ETH Beats BTC at the Start of the New Week
Trading commenced on Monday, September 19, 2024, and the top altcoins were back in business after most closed off on bullish notes last Friday.
However, Ethereum got ahead of the top crypto, Bitcoin, trading 13.43% up in the past week at $2,654, compared with Bitcoin’s 6.68% at $64,335.
The fed rate cut nudged most tokens into bullish momentum last week, with some DeFi coins ending the week on double-digit profits. Bitcoin and Ethereum typically move less drastically, but both tokens are in for a pretty straightforward Q4 this year.
The FOMC implemented a 50-basis-point interest rate cut in the wake of the reduced inflation rates in August. With more liquidity in circulation, assets like crypto tokens are looking more attractive to investors.
Bitcoin and Ethereum Price Predictions: ETFs for the Win?
The introduction of ETFs into crypto and stock trading was supposed to be the beginning of a bull run in the crypto market. Bitcoin’s ETFs did cause quite the run early in 2024, but the Ethereum ETF launch underperformed relative to expectations.
For the past month, Bitcoin ETFs have experienced mixed inflows and outflows, as the investor mood has been tough to decipher. On the other hand, Ethereum’s ETFs have had massive outflows so far in September 2024, even while the ETH price is on net gains.
Forecasts from analysts indicate that the renewed optimism in the market after the fed rate cut will lead to inflows on both Bitcoin and Ethereum’s ETFs, causing even bigger surges before the year ends. With the lowered interest rates after the fed rate cut, we might be seeing more funds moving to the ETFs.
Even then, there’s some competition rising in the crypto market already. DeFi is presenting another generational project, DTX Exchange, which aims to ease matters for crypto traders.
DTX Exchange: DeFi Trading and So Much More!
DTX Exchange is operating unlike most of the top DeFi coins before it. Instead of sticking to the old principles like staking and crypto trading, the platform is setting itself apart with its hybrid blockchain–you won’t be getting just crypto trading with DTX Exchange.
The DTX project is bringing all forms of financial trading to a single platform. Crypto, stock, and Forex assets can all merge on DTX Exchange, allowing traders from all these markets to monitor and manage their diverse portfolios through one interface–the DTX wallet.
Moreover, DTX Exchange offers a wide range of tradable assets, about 120,000 of them, and, for some of them, you’d get a 1000x leverage when you trade them.
The experience gets better with the added Web3 functionalities on the DTX wallet. Previously, Web3 users had been shut out of the DeFi world, but not now. DTX is gradually integrating the blockchain with Web3 interfaces, all the while offering security and scalability on the side.
Be a Part of DTX Exchange Through the DTX Presale!
DTX Exchange tokens are up for the taking at $0.06 each. The public presale is in Stage 3, with Stage 4 knocking on the door, and traders are filling up the growing community from other crypto tokens.
The traffic to DTX after the launch of the token will be immense, given its trader-friendly features and assets. With the fed rate cut pushing the market to its next bull run, now’s the best time to accumulate your DTX tokens for a 100% profit!
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
