CandleFocus Bitcoin Strength Continues on U.S, China Easing; Floki Bot Crosses Trading Milestone
2024-09-25
Author: Content Editor
Bitcoin (BTC) saw a 1% increase in value, reaching $64,000 during Asian trading hours, before dropping back slightly. Other tokens, such as Solana (SOL) and BNB Chain (BNB), also experienced gains, while Ether (ETH) remained flat. The CoinDesk 20 (CD20) index, which measures the performance of major tokens, increased by 2.4%. Memecoins and layer-1 tokens performed well, with Sui Network's (SUI) value rising by 16% in 24 hours. Floki's FLOKI tokens also saw a 16% increase over the past week, thanks to a partnership with esports organization Alliance. Traders speculate that the U.S. Federal Reserve's anticipated interest rate cuts may lead to similar actions by other authorities.
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