Journalist
Posted:
Important collection restaurants
Why did the Crypto market register a reliever?
The Fed reduced interest rates with a quarter point and seemed open to more cuts and lifted BTC just above $ 117k.
What is the next post the decision of the FED rate?
The focus will now focus on crypto ETF approvals and the market structure account as important catalysts in the medium term.
As expected, the FED reduced the interest rate with 25 basic points and signaled more cuts in 2025, reference Lower of labor markets.
Markets waved immediately after the update, but afterwards, Bitcoin [BTC] Climbed above $ 117k for the first time since the end of August.
Source: Coinmarketcap
One of the top gainers were Avalanche [AVAX]That 8% to $ 34 shot. Hyperliquid [HYPE]Followed closely, with a jump from 6% to almost $ 60.
Binance currency [BNB] Also stated 4% and seemed ready to tag the psychological level of $ 1000.
Is the Crypto market with the above positive macro landscape now ready for the historic ‘Upbtober’ and Q4 -Run?
Sec set to ‘open crypto etf -slungels’
Looking ahead, the market can benefit from the upcoming approvals of crypto ETF.
The US Securities and Exchange Commission (SEC) has approved a new listing standard to accelerate Crypto ETF goods inspections. Especially if they have a futures offer for more than six months.
For Paul Atkins, chairman SEC, the movement Would improve innovation and investor choice.
“This approval helps to maximize the choice of investors and promote innovation by streamlining the listing process and reducing barriers for access to digital asset products in the trusted capital markets of America.”
For his part, ETF analyst Nate Geraci added SEC will unlock ‘crypto -slungels’ that will herald the mainstream access.
“So what happens from here … Crypto ETF locks are about to open. Expect an absolute flood of new files and launches.”
Source: X
The new standard has been cited by experts as one of the reasons for most crypto ETF retreats. But with the latest approval, the more than 90 -hanging crypto ETF applications could see some progress in Q4.
That said, Grayscale’s Multi-Cypto Index Fund, which contains Solana [SOL] And Ripple [XRP]wax too approved to start acting after considerable delay.
Hyperliquid Rival Aster Rallies 380%
Finally, Aster [ASTER]A hyperliquid rival supported by Binance’s Changpeng Zhao (CZ), set +380% in one day after the debut.
CZ greet The update as a ‘good start’. But some users quickly criticized his move as a common attempt to regain control in the midst of the growing hyperliquid -Dominance.
Source: X
Aster is invoiced as the ‘next generation’ dex for perpetual markets, allowing users to act with mass leverage.
It is funded by CZ-Linked Yzi Labs. But one user claimed That the most important goal of CZ was to de -reject ‘hyperliquis’ as the market leader of the Perps.