🪙 #Tether Under Pressure Again

Consumers' Research, a consumer advocacy group, has published a new report accusing the issuer of #USDT of a lack of transparency and the absence of a full audit of the reserves backing their stablecoin.

The report calls Tether the new #FTX, pointing to the possibility of a similar collapse with their crypto dollar's value dropping to zero. In addition to the report, Consumers' Research sent an open letter to the governors of all U.S. states and launched social media ads on radio and the internet.

😨 — Everything is lost; #USDT is done for
😎 — I’ll wait for the panicking crowd to move their capital to #BTC

#CryptoNews

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Currently, #BTC is up 43%, and #gold is up 25%.

#FactOfTheDay

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#Opinion

🐳 Large investors are returning to the market

#CoinShares presented a report showing that after continued outflows from the crypto market totaling $1.2 billion, last week saw positive dynamics with capital inflows of $436 million.

📈 The movement of funds is driven by the expected 0.5% interest rate cut by the Fed, which has a 67% probability of happening. This could provide the market with additional liquidity and serve as a positive catalyst for #BTC growth in the short term.

🕯 However, it is important to note that there is a possibility the rate cut has already been priced in by the market, and if the forecasts come true, the prices may not only fail to rise but could even see a slight correction.

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📈 #Bitcoin is rising

At the moment, #BTC is attempting to consolidate at the $60,000 level, and altcoins from the top 100 are also showing price growth.

The reason for the positive trend is the new ATH of the S&P 500 index (#SPX).

#CryptoNews

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📆 #EventOfTheDay — Fed Meeting

Today at 6:00 PM GMT, the U.S. Federal Reserve will announce the new interest rate.

🪙 At the moment, there is no general consensus on whether the rate will be cut by 50 or 25 basis points, but all market participants are confident that a rate cut will lead to an influx of liquidity and a rise in #BTC.

📌 Experts expect high volatility before and for some time after the meeting. It is important to note that Jerome Powell's press conference will also take place today, and his statements could impact the market situation.

#CryptoNews

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🚀 The market is rising after Jerome Powell's statements

The key points of his speech were that the Federal Reserve is fully focused on inflation and employment, economic activity continues to grow, and the decision has been made to adjust policy towards less restraint.

📣 The most interesting part that pushed the market upward was Powell's statement that the Fed is ready to continue lowering rates in November and December, provided that there is positive economic data. As a reminder, the rate was near zero until March 2022. A return to these levels could be a powerful catalyst for capital inflow into high-risk assets.

🪙 However, it's worth noting the muted reaction of #BTC, whose price did not show significant growth despite the positive news, due to a $52.7 million outflow from #ETF.

#CryptoNews

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🕯 #BlackRock in a new report called #BTC a unique asset for diversification

The #Bitcoin-#ETF is positioned as a hedging tool against fiscal, monetary, and geopolitical risks. The key point is the irregular correlation of #BTC with the U.S. stock market and the resilience of digital gold to market fluctuations caused by panic.

📈 Notably, the report also includes a section titled "Bitcoin’s Path to a $1 Trillion Market Capitalization."

#CryptoNews

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📈 Historically negative September brought Bitcoin an 8% increase

Today, #BTC broke the $64,000 level, where it last traded on August 26. Experts cite the recovery of the U.S. stock market after the Fed's rate cuts and the Bank of Japan's decision to maintain its rates as the main drivers of the growth.

🕯 The current situation with cryptocurrencies is developing according to the classic scenario: the dollar index is falling, but high-risk assets are rising, benefiting from increased liquidity.

#ETF also saw capital inflows, with over $158 million added yesterday, signaling positive sentiment among institutional investors.

#CryptoNews

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🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 57.59%.

🧭 Fear and Greed Index — 50

🇺🇸 25.09 17:30 USD — Crude Oil Inventories. Previous value — 1.630M

🇺🇸 26.09 15:30 USD — GDP (Q2). Forecast — 3.0%. Previous value — 1.4%

🇺🇸 26.09 15:30 USD — Initial Jobless Claims. Forecast — 224K. Previous value — 219K

🇺🇸 26.09 16:20 USD — Fed Chair Mr. Powell's speech

🇺🇸 27.09 15:30 USD — Core Personal Consumption Expenditure Price Index (m/m) (Aug). Forecast — 0.2%. Previous value — 0.2%

🇺🇸 27.09 15:30 USD — Core Personal Consumption Expenditure Price Index (y/y) (Aug). Previous value — 2.6%

📈 Amid falling interest rates, #Bitcoin and #gold are showing growth. #BTC broke the $64,745 level, marking a monthly high. Gold has gained 5% over the past two weeks

📌 Experts note the potential for further #BTC growth in connection with this week's economic events

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