Is Crypto Finally Making a Comeback?

What Happened in the Crypto World Today: Is Crypto Finally Coming Back?

As fear continues to dominate the market, the Fear and Greed Index is fixed at 39.

Despite all the negativity, there is a glimmer of hope on the horizon.

In the last 24 hours, most cryptocurrencies have shown signs of revival, with Bitcoin returning to $55,000.

So are we witnessing a real recovery or is this just a brief pause on the downward path? Let’s take a look at what’s happening in crypto today and find out!

Here’s your TLDR:

Jeremy Siegel is pushing for aggressive Fed rate cuts. Is the Fed likely to cut rates soon? 🚀

Capula Management invested $418 million in spot Bitcoin ETFs. What kind of price impact could these investments have in the long term? 💼

Bernstein analysts are optimistic about Bitcoin’s Q3 prospects. What events do they want us to expect? 🤔

Solana meme coins are not looking good. What about TON’s meme coins? How are they doing? 😕

Trump preaches HODLing. How does he plan to use crypto if elected? 🗳️

Let’s get started now!

Aggressive Fed Rate Cuts

Jeremy Siegel, a top economist, is calling on the Federal Reserve to cut interest rates rapidly, suggesting a 0.75% cut now and another 0.75% next month.

But what does this mean?

When interest rates are high, borrowing money is expensive. This often leads to less spending and investing, which can slow down the economy. High rates also make “safer” investments like bonds more attractive and potentially pull money away from riskier assets like crypto.

Siegel thinks rates should be much lower — 3.5% to 4% instead of the current 5.25% to 5.5% — and he worries about weak job numbers and the risk of a recession.

These economic fears have already dealt a hard blow to cryptocurrencies, with Bitcoin recently falling below $50,000.

So what are the chances the Fed will cut interest rates anytime soon? Read the full story!

TradFi Giant Is Very Bullish on Bitcoin

Capula Management, a London-based hedge fund, has made a significant move into the crypto space. According to its latest SEC filing, they have invested more than $418 million in spot Bitcoin ETFs.

These funds have attracted a lot of attention and significant institutional interest. They have collectively amassed tens of billions in Bitcoin assets.

Capula’s move fits into a growing trend.

So who invests in these ETFs and what price impact could these investments have over the long term? Read the full story!

You can also track Bitcoin ETF inflows and outflows to improve your investment strategy!

Events Crypto Investors Should Pay Attention to

Bernstein analysts remain positive about Bitcoin’s Q3 prospects despite recent market turbulence.

The story continues

In their latest report, they attribute the weekend correction to broader economic concerns rather than issues specific to cryptocurrencies.

Analysts remain optimistic about Bitcoin’s long-term potential, citing ongoing institutional adoption trends.

They also highlighted important events that crypto investors should pay attention to. Read the full story!

Meme Coins Are Not In Good Condition

Solana has been having a tough week, hitting $110 on Monday, a decline not seen since March.

But it’s Solana’s meme coins that are getting the most attention.

Dogwifhat (WIF), once a darling of the Solana ecosystem, is down 40% in a week. The stock is trading at $1.40, a far cry from its March peak of $4.58.

WIF’s market value fell by over $1 billion, making it the biggest loser among the top 100 cryptocurrencies.

Cat-themed meme coins on Solana in particular took a big hit.

On Monday, MEW and POPCAT saw declines of 27% and 34%, respectively.

POPCAT’s decline is particularly dramatic, as it reached an all-time high of $0.98 in mid-July.

What about TON’s meme coins? How are they doing? Read the full story!

Trump Preaching HODLing

Donald Trump’s recent comments about Bitcoin and cryptocurrency are making waves, with the former president urging the current administration not to sell U.S. Bitcoin holdings and emphasizing the importance of digital asset innovation.

Trump’s concerns are not limited to just holding Bitcoin.

Who did he approach with his ideas and how many politicians support his theory? Read the full story!

And that’s it! See you tomorrow with new stories and a short market analysis.