Crypto Market Forecast 26 September 2024
Sep 26, 07:02 AM
In the past 24 hours on 26 September 2024, the cryptocurrency market saw a slight downturn, with investors taking profits after recent rate cuts by central banks in the US, China, and Europe. Bitcoin dropped 1.4%, but remains up 2.1% over the week, showing resilience amid broader market movements. Analysts from QCP Capital and 10xResearch suggest a bullish outlook for Bitcoin in the coming months due to favorable macroeconomic conditions like expanding money supply and global rate cuts.
Meanwhile, VanEck predicts Solana could double its value, potentially reaching $330 as it grows closer to Ethereum's market cap. Solana processes significantly more transactions, has higher daily active users, and boasts lower transaction fees than Ethereum.
Elsewhere in the crypto space, Binance introduced pre-market spot trading for tokens, while a US court ruled that crypto mining devices are considered securities. PayPal has expanded crypto trading options to US corporate clients, and Telegram is suspending its crypto wallet services in the UK pending regulatory approval.
In politics, Kamala Harris’s economic plan briefly mentions digital assets, sparking curiosity about her potential crypto stance, especially given advice from key advocates within her team.
Meanwhile, VanEck predicts Solana could double its value, potentially reaching $330 as it grows closer to Ethereum's market cap. Solana processes significantly more transactions, has higher daily active users, and boasts lower transaction fees than Ethereum.
Elsewhere in the crypto space, Binance introduced pre-market spot trading for tokens, while a US court ruled that crypto mining devices are considered securities. PayPal has expanded crypto trading options to US corporate clients, and Telegram is suspending its crypto wallet services in the UK pending regulatory approval.
In politics, Kamala Harris’s economic plan briefly mentions digital assets, sparking curiosity about her potential crypto stance, especially given advice from key advocates within her team.