💰Bitcoin Hits 1.7% of Global Money Supply Amid Fed Rate Cut Signals
Bitcoin’s market cap reaches $2.4T, about 1.7% of global money supply, rising over 2% after Fed Chair Powell hinted at upcoming rate cuts. Lower interest rates boost Bitcoin’s appeal as a hedge, supporting its upward trend. Current price: $115,084.
📱@Money 📱Twitter
Bitcoin’s market cap reaches $2.4T, about 1.7% of global money supply, rising over 2% after Fed Chair Powell hinted at upcoming rate cuts. Lower interest rates boost Bitcoin’s appeal as a hedge, supporting its upward trend. Current price: $115,084.
📱@Money 📱Twitter
Top companies with the largest Bitcoin balances. Who could have imagined such a thing a couple of years ago
▶️@usaXbot
▶️@usaXbot
📊 Fed cuts near all-time highs
History says rate cuts this close to ATHs are rocket fuel for equities.
Since 1980, whenever the Fed cut within 2% of an ATH, the S&P 500 finished higher 12 months later 20 out of 20 times.
🟡 3-month median return: +6%
🟡 6-month median return: +11%
🟡 12-month median return: +19%
The hit rate is 100%.
The market doesn’t fear cuts at highs - it rallies on them.
History says rate cuts this close to ATHs are rocket fuel for equities.
Since 1980, whenever the Fed cut within 2% of an ATH, the S&P 500 finished higher 12 months later 20 out of 20 times.
🟡 3-month median return: +6%
🟡 6-month median return: +11%
🟡 12-month median return: +19%
The hit rate is 100%.
The market doesn’t fear cuts at highs - it rallies on them.
The market doesn't care about your dreams.
It rewards your skills.
You can complain or you can learn.
Only one pays. 💰
It rewards your skills.
You can complain or you can learn.
Only one pays. 💰
JUST IN: Trump Media plans to launch a rewards system on the Truth Social and Truth+ platforms, utilizing the Crypto.com digital wallet infrastructure and adopting the Cronos (CRO) digital currency as a utility token.
JUST IN: The European Union plans to eliminate tariffs on US industrial goods to address President Trump's requirements. In return, the US may reduce tariffs on cars imported from the EU.
🇻🇪 Venezuela Turns to Stablecoins as a Financial Lifeline
According to Latam Insights, Venezuelans are increasingly turning to USDT and USDC to preserve value and handle daily payments.
💰 Businesses and employees use stablecoins for salaries and transactions.
🟠 Government restrictions on currency exchange push citizens further toward crypto.
According to Latam Insights, Venezuelans are increasingly turning to USDT and USDC to preserve value and handle daily payments.
💰 Businesses and employees use stablecoins for salaries and transactions.
🟠 Government restrictions on currency exchange push citizens further toward crypto.
A Key to Web3 🔑
JUST IN: The Federal Reserve will host a conference on payments innovation on October 21st.
💳 Bybit rolls out crypto debit card in Europe
Bybit has launched a Mastercard crypto debit card, letting users spend BTC, USDC and other tokens directly, with support for Apple Pay and Google Pay.
➡️ 20% cashback on top-ups from $100 in September
➡️ €5 bonus for the first purchase
➡️ Discounts on subscriptions and travel
➡️ No annual fee, already over 2M cards issued
Bybit has launched a Mastercard crypto debit card, letting users spend BTC, USDC and other tokens directly, with support for Apple Pay and Google Pay.
➡️ 20% cashback on top-ups from $100 in September
➡️ €5 bonus for the first purchase
➡️ Discounts on subscriptions and travel
➡️ No annual fee, already over 2M cards issued
Another step in making crypto look and feel like money you can actually use.
💠 Ethena prepares fee switch activation
Ethena’s $USDe supply surged 42% in the past month to an all-time high of $12.43B, with record August revenues of $61M.
➡️ Two of three conditions for the fee switch are already met:
➡️ $USDe supply above $6B
➡️ Protocol revenue above $250M
➡️ The last milestone is $USDe integration on 4 of the top 5 derivatives exchanges
Ethena’s $USDe supply surged 42% in the past month to an all-time high of $12.43B, with record August revenues of $61M.
➡️ Two of three conditions for the fee switch are already met:
➡️ $USDe supply above $6B
➡️ Protocol revenue above $250M
➡️ The last milestone is $USDe integration on 4 of the top 5 derivatives exchanges
Once triggered, the fee switch will allow $ENA holders to share protocol revenues for the first time. A key shift from growth mode to value accrual.
📉 September is Bitcoin’s worst month
Over the last 10 years, September delivered an average return of –2.8%, the weakest month for BTC.
➡️ Only 39% of Septembers closed positive
➡️ August is often red too, but less severe
➡️ Seasonality points to pressure before year-end rallies
Over the last 10 years, September delivered an average return of –2.8%, the weakest month for BTC.
➡️ Only 39% of Septembers closed positive
➡️ August is often red too, but less severe
➡️ Seasonality points to pressure before year-end rallies
A reminder that Bitcoin’s toughest stretch of the year is here.