Bitcoin’s Surge and BlackRock CEO’s Endorsement Fuel Bullish Altcoin Sentiment
- Bitcoin’s resurgence triggered a bullish sentiment across the crypto market.
- Binance founder’s release could boost BNB’s price.
- Chromia has announced plans to expand its ecosystem.
A crypto podcast host suggests that Bitcoin’s recent price jump after the Federal Reserve’s interest rate cut is what has ignited the bullish sentiment across the altcoin market as well.
The analyst believes this development could mark the start of the next bull run. He also pointed to several crypto projects unveiling updates that could position their tokens for rallies, potentially leading to new all-time highs.
It is worth noting that Bitcoin’s latest rally began on September 17, just before the FOMC meeting that decided on the recent interest rate cut. The leading cryptocurrency rebounded from a $57,627 low last Tuesday before reaching a local high of $64,730 early today, a 12.3% increase in six days.
BlackRock CEO Larry Fink Changes His Tune on Bitcoin
Meanwhile, Bitcoin’s recent performance seems to have swayed more mainstream figures towards the technology’s potential. One such individual is BlackRock’s CEO Larry Fink, who was once skeptical of Bitcoin. …
The post Bitcoin’s Surge and BlackRock CEO’s Endorsement Fuel Bullish Altcoin Sentiment appeared first on Coin Edition.
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Bitcoin’s Surge and BlackRock CEO’s Endorsement Fuel Bullish Altcoin Sentiment
- Bitcoin’s resurgence triggered a bullish sentiment across the crypto market.
- Binance founder’s release could boost BNB’s price.
- Chromia has announced plans to expand its ecosystem.
A crypto podcast host suggests that Bitcoin’s recent price jump after the Federal Reserve’s interest rate cut is what has ignited the bullish sentiment across the altcoin market as well.
The analyst believes this development could mark the start of the next bull run. He also pointed to several crypto projects unveiling updates that could position their tokens for rallies, potentially leading to new all-time highs.
It is worth noting that Bitcoin’s latest rally began on September 17, just before the FOMC meeting that decided on the recent interest rate cut. The leading cryptocurrency rebounded from a $57,627 low last Tuesday before reaching a local high of $64,730 early today, a 12.3% increase in six days.
BlackRock CEO Larry Fink Changes His Tune on Bitcoin
Meanwhile, Bitcoin’s recent performance seems to have swayed more mainstream figures towards the technology’s potential. One such individual is BlackRock’s CEO Larry Fink, who was once skeptical of Bitcoin. …
The post Bitcoin’s Surge and BlackRock CEO’s Endorsement Fuel Bullish Altcoin Sentiment appeared first on Coin Edition.
Read More
Downside Insurance on BlackRock's Spot Bitcoin ETF is Now Pricer Than Bullish Bets