Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

What Is Proof-of-Stake (PoS)? A Beginner’s Guide

2025-05-09

$ 970 million lost: Bitcoin’s $ 100k Surge triggers mass -reading

2025-05-09

Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

2025-05-09
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Hela Labs to redefine decentralized data possession in collaboration with Insight Genesis

    2025-05-09

    Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

    2025-05-09

    Superstate is spreading to Tokenized shares; Sol -Strategies to mention first

    2025-05-09

    What are Babydoge -Properties?

    2025-05-09

    Vietnam launches his first blockchain network from home -grown: Details

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

    2025-05-09

    Crypto analyst says the XRP price must remedy this level or risk fries to $ 1.9

    2025-05-09

    Trader says Bitcoin on CUSP to break out from Beerarish market structure, sketches path to new multi-month high

    2025-05-09

    XRP – Price breaks through obstacles – could a bullish peak follow?

    2025-05-09

    Bitcoin whales and sharks stored $ 7,890,599,380 in BTC in just six weeks, says Analytics platform – this is what it means

    2025-05-09
  • Learn

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin and US stocks fall as Powell signals slower rate cuts
Bitcoin

Bitcoin and US stocks fall as Powell signals slower rate cuts

2024-10-03No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • BTC fell 3.5% on Monday following Powell’s comments on Fed rate cuts.
  • The asset remained above the key short-term support at $63,000, but will it hold?

Bitcoin [BTC] and US stocks fell during the intra-day trading session on Monday, September 30. BTC fell 3% to reach $63,000, coinciding with Fed Chairman Jerome Powell’s comments on expectations for rate cuts.

Speaking in Nashville at the National Association for Business Economics conference, he showed no preference for a faster or slower pace of rate cuts.

He provided two more rate cuts, each by 25 basis points, before the end of the year.

“If the economy develops as expected, that would be two more cuts by the end of the year, amounting to a total reduction of half a percentage point more.”

Revision of Market Expectations for Fed Rate Cut

Last week, the market expected an additional aggressive cut of 50 basis points in November, similar to the move in September.

Bitcoin

Source: CME FedWatch

However, at the time of writing, interest rate traders were pricing higher chances of 25 bps versus 61.8% after Powell’s comments.

On the contrary, the probability of a 0.50% reduction fell from 53% last Friday, September 27, to 38.2%.

This has led to a shift in sentiment heading into the new week, ahead of crucial US workers updates. Notably, US demand for BTC fell from last Friday’s positive value to negative value on November 1, according to the Coinbase Premium Index.

Bitcoin

Source: CryptoQuant

Compared to the nearly $500 million daily inflow into US spot BTC ETFs last Friday, the products raised just $61.3 million on Monday, September 30.

See also  What Bitcoin Under $50,000 Means for Long-Term Holders

That said, the $63K level could be crucial support in the near term. As noted by CryptoQuant, the level was the short-term holders’ realized price (STH) and had acted as support since mid-September.

Bitcoin

Source: CryptoQuant

At the time of writing, BTC was valued at $63.9K, ahead of crucial US labor market updates.

Another potential positive catalyst was a growing signal that the Fed’s quantitative tightening (QT) was coming to an end, as more and more institutions tap into the Fed’s Repo Facility. This could inject more liquidity from the Fed and boost risky assets.

However, rising geopolitical tensions in the Middle East could also challenge BTC’s Uptober expectations and are worth monitoring.

Previous: Ethereum: Profit Taking Blocks Potential Rally – Will ETH See $4K?

Next: Japan’s Metaplanet Increases Bitcoin Holdings With $6.9 Million Purchase

Source link

Bitcoin Cuts Fall Powell Rate Signals slower stocks
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$ 970 million lost: Bitcoin’s $ 100k Surge triggers mass -reading

2025-05-09

Bitcoin beats Amazon to become the world’s 5th most valuable possession

2025-05-09

Bitcoin (BTC) and the general crypto-market capitalization jump while US President Donald Trump rolls out after the Tariffs UK Trade Deal

2025-05-09

Ethereum is increasing 20%, the most undervalued BTC ratio has been hit since 2019

2025-05-09
Add A Comment

Comments are closed.

Top Posts

Ripple (XRP) is a must-hold for the next bull run, says Bitcoin Maxi, here’s why

2023-06-24

Taskon and Bydata AI partner to elevate decentralized AI and Defi innovation

2025-03-26

Bank abruptly closed by US regulators after second bank failure of 2024

2024-10-20
Editors Picks

FrxETHRedemptionTicket leads to increase in NFT sales

2024-03-27

Bitcoin Whales Sell 50,000 BTC Worth $2.2 Billion, Is the Rally Over?

2023-12-23

XRP price defies the odds

2024-12-03

Avalanche’s browser Snowtrace stops working under a tight deadline

2023-10-31
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

What Is Proof-of-Stake (PoS)? A Beginner’s Guide

$ 970 million lost: Bitcoin’s $ 100k Surge triggers mass -reading

Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,841.75-0.22%
  • ethereumEthereum(ETH)$2,334.117.25%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.331.69%
  • binancecoinBNB(BNB)$645.873.59%
  • solanaSolana(SOL)$173.207.19%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2040304.79%
  • cardanoCardano(ADA)$0.771.82%
  • tronTRON(TRX)$0.2596441.16%
  • suiSui(SUI)$3.91-1.69%
  • chainlinkChainlink(LINK)$15.941.23%
  • avalanche-2Avalanche(AVAX)$23.085.55%
  • stellarStellar(XLM)$0.2936391.74%
  • shiba-inuShiba Inu(SHIB)$0.0000155.30%
  • hedera-hashgraphHedera(HBAR)$0.2015294.12%
  • hyperliquidHyperliquid(HYPE)$24.677.69%
  • the-open-networkToncoin(TON)$3.262.04%
  • bitcoin-cashBitcoin Cash(BCH)$408.06-3.38%
  • unus-sed-leoUNUS SED LEO(LEO)$8.74-1.14%
  • litecoinLitecoin(LTC)$99.946.41%
  • polkadotPolkadot(DOT)$4.777.95%
  • moneroMonero(XMR)$310.773.76%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.7415.35%
  • bitget-tokenBitget Token(BGB)$4.44-0.78%
  • pepePepe(PEPE)$0.00001210.27%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.306.03%
  • bittensorBittensor(TAO)$427.002.33%
  • nearNEAR Protocol(NEAR)$2.887.21%
  • aptosAptos(APT)$5.501.48%
  • okbOKB(OKB)$54.173.01%
  • aaveAave(AAVE)$209.943.20%
  • ondo-financeOndo(ONDO)$1.003.94%
  • ethereum-classicEthereum Classic(ETC)$19.083.19%
  • internet-computerInternet Computer(ICP)$5.414.52%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.1313.96%
  • gatechain-tokenGateToken(GT)$22.080.80%
  • kaspaKaspa(KAS)$0.1037115.71%
  • crypto-com-chainCronos(CRO)$0.1009813.12%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2501440.44%
  • render-tokenRender(RENDER)$4.966.41%
  • mantleMantle(MNT)$0.761.39%
  • vechainVeChain(VET)$0.0297665.73%
  • usd1World Liberty Financial USD(USD1)$1.000.18%
  • ethenaEthena(ENA)$0.3658058.34%
  • filecoinFilecoin(FIL)$3.003.49%
  • algorandAlgorand(ALGO)$0.2314283.74%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.826.65%
  • bitcoinBitcoin(BTC)$102,841.75-0.22%
  • ethereumEthereum(ETH)$2,334.117.25%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.331.69%
  • binancecoinBNB(BNB)$645.873.59%
  • solanaSolana(SOL)$173.207.19%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2040304.79%
  • cardanoCardano(ADA)$0.771.82%
  • tronTRON(TRX)$0.2596441.16%
  • suiSui(SUI)$3.91-1.69%
  • chainlinkChainlink(LINK)$15.941.23%
  • avalanche-2Avalanche(AVAX)$23.085.55%
  • stellarStellar(XLM)$0.2936391.74%
  • shiba-inuShiba Inu(SHIB)$0.0000155.30%
  • hedera-hashgraphHedera(HBAR)$0.2015294.12%
  • hyperliquidHyperliquid(HYPE)$24.677.69%
  • the-open-networkToncoin(TON)$3.262.04%
  • bitcoin-cashBitcoin Cash(BCH)$408.06-3.38%
  • unus-sed-leoUNUS SED LEO(LEO)$8.74-1.14%
  • litecoinLitecoin(LTC)$99.946.41%
  • polkadotPolkadot(DOT)$4.777.95%
  • moneroMonero(XMR)$310.773.76%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.7415.35%
  • bitget-tokenBitget Token(BGB)$4.44-0.78%
  • pepePepe(PEPE)$0.00001210.27%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.306.03%
  • bittensorBittensor(TAO)$427.002.33%
  • nearNEAR Protocol(NEAR)$2.887.21%
  • aptosAptos(APT)$5.501.48%
  • okbOKB(OKB)$54.173.01%
  • aaveAave(AAVE)$209.943.20%
  • ondo-financeOndo(ONDO)$1.003.94%
  • ethereum-classicEthereum Classic(ETC)$19.083.19%
  • internet-computerInternet Computer(ICP)$5.414.52%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.1313.96%
  • gatechain-tokenGateToken(GT)$22.080.80%
  • kaspaKaspa(KAS)$0.1037115.71%
  • crypto-com-chainCronos(CRO)$0.1009813.12%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2501440.44%
  • render-tokenRender(RENDER)$4.966.41%
  • mantleMantle(MNT)$0.761.39%
  • vechainVeChain(VET)$0.0297665.73%
  • usd1World Liberty Financial USD(USD1)$1.000.18%
  • ethenaEthena(ENA)$0.3658058.34%
  • filecoinFilecoin(FIL)$3.003.49%
  • algorandAlgorand(ALGO)$0.2314283.74%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.826.65%