Cryptocurrency markets are trading higher on hopes of the Federal Reserve cutting a higher-than-initially-expected 50 basis points next Wednesday.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $59,922.57 | +2.8% |
| Ethereum ETH/USD | $2,423.40 | +2.8% |
| Solana SOL/USD | $138.08 | +1.9% |
| Dogecoin DOGE/USD | $0.1067 | +4.2% |
| Shiba Inu SHIB/USD | $0.00001394 | +4.4% |
Notable Statistics:
- IntoTheBlock data shows a 14.2% decrease in large transaction volume and 16.7% growth in daily active addresses. Exchanges netflows narrowed by 124.5%.
- Coinglass data shows 32,341 traders liquidated in the past 24 hours for $113.09 million.
- Crypto chart analyst Ali Martinez stated that 112,000 ETH, worth around $257.6 million, were sent to crypto exchanges in the past 24 hours.
- MicroStrategy announced it acquired 18,300 Bitcoin between Aug. 6 and Sept. 12 for around $1.11 billion in cash at an average price of $60,408 per Bitcoin.
Notable Developments:
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