The past week could mark a turning point for the market. Not only has the Federal Reserve started cutting interest rates, but another major central bank followed suit. As a result, Bitcoin's price is on the rise.
Bitcoin's price climbed to approximately 65,350 USD, marking a 2.2% increase week-over-week and confirming growing demand for the largest cryptocurrency. Ether also strengthened, reaching 2,645 USD, up 4% compared to the previous week. Both assets surpassed important psychological thresholds, signaling growing market optimism and a shift in sentiment toward a more constructive outlook.
Breaking above the 65,000 USD level represents an important signal for technical traders, suggesting potential continuation of the uptrend in the coming weeks.
Source: Cointelegraph
Following the U.S. Federal Reserve's decision on 18 September, the People's Bank of China has also begun easing monetary policy. A 50-basis-point reduction in the reserve requirement ratio is expected to release approximately 1 trillion yuan (roughly 142 billion USD) into the banking system. These funds may support financial-market liquidity and increase capital availability for investments.
According to analyst expectations, a portion of this capital could flow into the digital-asset sector, supporting continued growth in cryptocurrency demand. Simultaneous rate cuts by the world's largest central banks represent a significant catalyst for risk assets.
Source: APNews
During her remarks at the Economic Club of Pittsburgh, Kamala Harris once again referenced blockchain as one of the strategic technologies for U.S. innovation. She highlighted priorities including:
While the reference to blockchain is a positive signal for the sector, clear and detailed policy commitments toward the cryptocurrency industry remain absent. More concrete commitments may emerge in the coming months of the election campaign.
Source: Cointelegraph
In recent days, social media and some industry publications circulated claims that the U.S. SEC had classified bitcoin mining devices as securities. These reports allegedly stemmed from documents related to a lawsuit against Green United, a project that sold "green boxes" - devices marketed as providing access to mining GREEN tokens.
The Reality: Green United proved to be a fraudulent scheme, with investor funds misused contrary to stated promises. However, a review of the legal filings shows no indication that the SEC categorized bitcoin mining hardware as securities. This claim was misinterpreted by social media and does not reflect the actual content of the court documents.
This incident serves as a reminder of the importance of verifying information from official sources and exercising caution regarding claims circulated on social media without factual support.
This week's developments confirm the convergence of positive factors for the cryptocurrency market: global monetary easing, increased demand for risk assets, and growing political interest in blockchain technology. Bitcoin and Ether's breakthrough of psychological price levels suggest that investors are gaining confidence in the macroeconomic context. Simultaneously, the SEC fake-news incident underscores the importance of critical thinking and information verification before making investment decisions.
Source: Bloomberg Law
Note: ARI10 communicates exclusively through official channels. Cryptoassets involve significant risk, including the potential loss of funds. Always verify information. For assistance, visit ari10.com.
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