🚀 #TRX has become the undisputed leader of the week

#TRON has shown a growth of over 17% in the last 7 days. The reason for this success is the launch of the platform on the TRON network for creating meme coins — #SunPump.

🔼 The platform has already generated $585,000 in the first 24 hours, surpassing the similar solution #Pump.fun on the #Solana network. Justin Sun has stated that TRON is now the top blockchain by revenue.

📈 At the moment, TRX has reached its three-year ATH, and the overall growth for the year exceeds 100%. Meanwhile, most altcoins are still trading significantly below their historical highs.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

📆 #EventOfTheDay — Jerome Powell's Speech

Today at 2:00 PM GMT, traders and investors around the world will be focused on the speech of Federal Reserve Chairman Jerome Powell. Market participants are looking for signals about the easing of monetary policy, which is expected following the positive FOMC minutes from August 21.

Almost everyone is certain that the issue is not whether the Fed will lower rates in September, but by how many basis points the rate will be reduced — 25 or 50.

The last time rates were lowered was in pre-COVID 2019, and that was when the #BTC bull run began 🔼

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

⚡️ Pavel Durov's arrest has been extended for another 48 hours

At the end of this period, the founder of #Telegram must either be released or formally charged.

The platform itself has already commented on Durov's detention, stating that it complies with all standards and EU laws. However, its owner should not be held responsible for misuse of the messenger.

Meanwhile, Justin Sun has proposed creating the #FreePavel DAO and donating $1 million to help resolve the situation.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🪙 #Bitcoin has fallen below the key level of $60,000 — let's figure out what's going on

Last night, #BTC tested a local low at $57,910. This happened due to several factors:

🔽 Over the past 24 hours, more than $287 million in long positions were liquidated

🕯 Interest in BTC futures has dropped by 7%

📉 Bitcoin address activity has fallen to a two-month low

It is likely that market participants are preparing for September, which historically has been unfavorable for cryptocurrencies. Over the last 11 years, 72.73% of the time, the first month of the fall ended with a decline in prices.

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

#CryptoNews

🧭 The Fear and Greed Index has dropped to 30 (Fear)

Amid falling cryptocurrency prices, the index has moved into the red zone, indicating investors' uncertainty about the market's growth prospects in the near future.

However, it is important to remember that extreme fear levels on the index can be a signal of a good entry point into assets for long-term investors 📈

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

📈 #TON pumped bue to translation errors

After news emerged that #PavelDurov had been released from the courtroom, #Toncoin instantly surged by 10%. However, the news turned out to be premature.

In the original publication, which was mistranslated and widely shared by thematic channels, it was stated that the founder of #Telegram had merely changed his procedural status.

As of now, #Durov has indeed been released from custody but placed under judicial supervision. He is prohibited from leaving France and must post bail of €5 million and report to the police twice a week 👮

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

📆 Main Event of the Day: PCE Data Release

Today at 12:30 PM GMT, the core Personal Consumption Expenditures (PCE) price index will be released in the U.S., reflecting the actual level of inflation.

If the published data exceeds 2.7%, the market could expect strong volatility, as this may influence expectations regarding the Federal Reserve's interest rate policy 🕯

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🐳 Whales are Buying Up #Bitcoin Amid Investor Panic

At the moment, most retail investors are selling their #BTC at a loss, fearing a further decline, which puts pressure on the digital gold’s price. Meanwhile, whales are actively accumulating coins. In the last 30 days alone, they have acquired over 133,000 BTC, worth around $7.6 billion.

At the same time, conservative market participants, such as JPMorgan, do not see potential for cryptocurrency growth, even considering the possible rate cuts on September 18.

🔥 — We will soar in Q4
🌚 — We’re not going anywhere, time to sell
🗿 — We'll soar right after I sell

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🔽 #Bitcoin Drops Amid Sell-Off in U.S. Stock Markets

Today, the price of #BTC fell below $57,000. The decline happened in two phases: first, due to uncertainty about further growth driven by negative performance of U.S. company stocks, and then because of the weakness in Asian markets.

The market decline is also linked to weak business activity data for August. Altcoins in the top 100 are showing an average drop of 10%, and the liquidation volume reached around $200 million.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🖼 The NFT market has completely collapsed

A recent market report from #NFTevening shows that 96% of collections are currently dead. The study included more than 5,000 collections and 5 million transactions. Experts analyzed trading volumes over the past 5 years, social media activity of the projects, and the PnL (profit and loss) for each holder.

Additionally, the report states:

📉 The average lifespan of a collection is 1.14 years, which is 2.5 times shorter than the average lifespan of other crypto projects.

🗓 In 2023, the highest number of "dead" #NFTs was recorded — one-third of all created collections.

🔽 On average, holders have incurred losses of 44.5%.

It seems that the remaining 4% of live and profitable projects are exclusively limited to collections from #DonaldTrump 🤔

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🧭 The Fear and Greed Index has dropped to 22 — indicating extreme fear

Meanwhile, the volume of Google searches for keywords like #bitcoin, #crypto, and #cryptocurrency has fallen to the level of October last year. This indicator is quite important for predicting market trends. For example, the peak of search queries occurred from March 3 to 9 this year, right before #BTC reached its new ATH.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

⚠️ During the #Apple presentation, scammers created a deepfake of Tim Cook

Last night, #YouTube was flooded with live streams where a fake, AI-generated CEO of Apple — Tim Cook — in the background of the autumn presentation promised to double the cryptocurrency of everyone who sent their coins to his wallet.

Surprisingly, the scheme worked: more than 355,000 people watched the stream 🤯

As for the new #iPhone16, it has dropped in price by more than half in #BTC equivalent compared to the previous model. You can see the price change dynamics of the new Apple devices in this list prepared by #CoinGecko:

🔼#iPhone 4S — 162 BTC

🔽iPhone 5 — 52 BTC

🔽iPhone 5S — 5.04 BTC

🔽iPhone 6 — 1.65 BTC

🔼iPhone 6S — 2.76 BTC

🔽iPhone 7 — 1.07 BTC

🔽iPhone 8 — 0.19 BTC

🔽iPhone X — 0.13 BTC

🔼iPhone XS — 0.15 BTC

🔽iPhone 11 — 0.068 BTC

🔽iPhone 12 — 0.051 BTC

🔽iPhone 13 — 0.018 BTC

🔼iPhone 14 — 0.042 BTC

🔽iPhone 15 — 0.031 BTC

🔽iPhone 16 — 0.014 BTC

#ScamAlert #CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

📈 The Market Rose Ahead of the Debates

Yesterday, #Bitcoin rose to the level of $58,000. According to analysts, this was influenced by the upcoming debates between Donald Trump and Kamala Harris, which ultimately took place without mentioning cryptocurrencies, as well as the anticipated release of the US Consumer Price Index (CPI) data with a projected value of 2.6%, which could be the lowest level in the last three years.

However, market experts note the possibility of Bitcoin dropping to $50,000 after the publication of the Consumer Price Index, as historical data shows that after the release of the CPI, #BTC often went into a correction 🔽

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

📌 #TheWallStreetJournal accuses #Tether of creating a shadow economy.

The publication released a new article claiming that the company behind #USDT is contributing to the creation of a "parallel economy," which operates beyond the reach of U.S. regulators and law enforcement.

Moreover, the journalists argue that the public wallet freezes are merely "for show" and that Tether is not making any serious efforts to combat the "criminal world."

📈 Meanwhile, the company denies all accusations and counts its profits: last year, USDT's turnover surpassed Visa’s, and the total earnings exceeded those of #BlackRock — $6.2 billion versus $5.5 billion.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

⚡️ The U.S. Consumer Price Index came in below expectations

The CPI data published yesterday showed a value of 2.5% versus the expected 2.6% and the previous figure of 2.9%, which is undoubtedly seen as a positive long-term catalyst.

🪙 However, in the short term, #Bitcoin reacted by dropping to $55,500, but has already recovered and returned to its previous range of $57,000–$58,000.

The market is now awaiting the Fed's meeting on September 18. The probability of a rate cut is estimated at 85% for 25 basis points and 15% for 50 basis points.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🪙 #Tether Under Pressure Again

Consumers' Research, a consumer advocacy group, has published a new report accusing the issuer of #USDT of a lack of transparency and the absence of a full audit of the reserves backing their stablecoin.

The report calls Tether the new #FTX, pointing to the possibility of a similar collapse with their crypto dollar's value dropping to zero. In addition to the report, Consumers' Research sent an open letter to the governors of all U.S. states and launched social media ads on radio and the internet.

😨 — Everything is lost; #USDT is done for
😎 — I’ll wait for the panicking crowd to move their capital to #BTC

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

📈 #Bitcoin is rising

At the moment, #BTC is attempting to consolidate at the $60,000 level, and altcoins from the top 100 are also showing price growth.

The reason for the positive trend is the new ATH of the S&P 500 index (#SPX).

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

📆 #EventOfTheDay — Fed Meeting

Today at 6:00 PM GMT, the U.S. Federal Reserve will announce the new interest rate.

🪙 At the moment, there is no general consensus on whether the rate will be cut by 50 or 25 basis points, but all market participants are confident that a rate cut will lead to an influx of liquidity and a rise in #BTC.

📌 Experts expect high volatility before and for some time after the meeting. It is important to note that Jerome Powell's press conference will also take place today, and his statements could impact the market situation.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🚀 The market is rising after Jerome Powell's statements

The key points of his speech were that the Federal Reserve is fully focused on inflation and employment, economic activity continues to grow, and the decision has been made to adjust policy towards less restraint.

📣 The most interesting part that pushed the market upward was Powell's statement that the Fed is ready to continue lowering rates in November and December, provided that there is positive economic data. As a reminder, the rate was near zero until March 2022. A return to these levels could be a powerful catalyst for capital inflow into high-risk assets.

🪙 However, it's worth noting the muted reaction of #BTC, whose price did not show significant growth despite the positive news, due to a $52.7 million outflow from #ETF.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.