Crypto Market Recap of Last Week
In the third week of September 2024, Bitcoin experienced significant growth, with its price rising from $57,570 to surpass $64,000 (a 9% increase). This price surge was largely driven by the Fed’s announcement of a 50-basis point interest rate cut, marking the first rate cut in four years. This news had a profound impact not only on the financial markets but also extended to the crypto market, helping Bitcoin recover swiftly.
Bitcoin’s strong recovery also led to price increases in many Altcoins, with standout growth seen in the AI and Layer-1 sectors.
Top 10 Gainers of the Week
Top 10 Losers of the Week
Key News
- Binance Announces Listing of Neiro (NEIRO), Turbo (TURBO) and Baby Doge Coin (100000BABYDOGE)
- How to Participate in Binance Moonbix Airdrop on Telegram
- LayerZero Launches lzCatalyst with $300M to Support Its Ecosystem
- TRUMP-Related Meme Coins Plunge Following Assassination Attempt
- Base Layer 2 Continues to Shatter Records for Daily Transactions and Active Addresses
- Meme Coin Moo Deng Surges Following Listing on LBank
- German Government Shuts Down 47 Exchanges
This Week’s Token Unlock Schedule
Here are some notable projects unlocking tokens this week:
- $VENOM (12.67%) – $25.11 million
- $YGG (3.69%) – $6.57 million
- $AGIX (1.62%) – $5.73 million
- $FET (0.14%) – $5.61 million
- $ENA (0.78%) – $3.80 million
- $GAL (0.33%) – $0.98 million
Macroeconomic News for This Week
This week, we’ll be paying special attention to news on Wednesday:
At 12:30 PM UTC on September 25, 2024 (Wednesday), the U.S. GDP report and Initial Jobless Claims data will be released.
Just 50 minutes later, at 1:20 PM, Fed Chair Powell will deliver an important speech. This is a must-watch event, as it will contain crucial information that could impact the markets.
