Several developments have unfolded in the world of digital assets as of September 16, 2024. Bond traders are gravitating towards a half-point cut in the Fed's decision, illustrating a significant economic factor impacting cryptocurrency markets. Companies like Xenea are pioneering with Layer 1 Blockchain in the realm of secure, decentralized data storage. This is an encouraging sign for the **crypto market**, which shows signs of bottoming out. While **Bitcoin** manages to recover from a CPI data drop, concerns remain about the sustainability of this recovery.
Meta-related platforms like Facebook and Instagram are resuming AI training with data from their UK users, highlighting the increased influence of big tech corporations in data-driven domains. Meanwhile, API3 and Coin Metrics are collaborating to enhance decentralized data feeds for liquid staking coins. **Crypto traders** remain cautious amidst these changes, especially about downside risks in Bitcoin and Ether. At the same time, coin like SOL are standing out within this volatile environment.
Several countries such as Nigeria are increasing control and regulation over crypto trading platforms like Binance. Despite these, the crypto market remains full of opportunities with insights predicting an impending rally for Ethereum above $3.4K, while **Citi analysts predict a 1.25% Fed rate cut after US CPI inflation data**. It's essential for investors to act wisely and stay updated in these fluctuating market conditions.
DATA Coin News Analytics from Tue, 21 Nov 2023 08:00:00 GMT to Tue, 17 Sep 2024 23:03:31 GMT - Rating 5 - Innovation 0 - Information 6 - Rumor 2