In mid-afternoon U.S. trading, bitcoin (BTC) was lower by about 4% over the past 24 hours. At $59,000, the price has returned to levels not seen since the U.S. Federal Reserve unexpectedly slashed its benchmark interest rate by 50 basis points in mid-September. Altcoins outperformed somewhat, with the broad-based crypto benchmark CoinDesk 20 Index declining just under 3% during the same period. Ether (ETH) dropped 3.5%, while only decentralized exchange Uniswaps’s token (UNI) had positive return during the day on news about the platform’s own layer-2 plans.
Related posts
-
Second XRP ETF Filing Hits The Market, How Did The XRP Price Respond?
Este artículo también está disponible en español. The crypto ETF market is expanding at an alarming... -
Why Are Traders Super Bearish On Chainlink, Solana, and Bitcoin?
As the crypto market struggles to shake off the weakness of last week, the latest sentiment... -
Bitcoin Shatters All-Time Hashrate Record at 698 EH/s as Miners Defy Market Challenges
According to the latest network data, bitcoin’s computational power hit an all-time peak today on Oct....