Crypto Inflows Hit $321M After Fed’s 0.5% Rate Cut: Is a Rally Ahead?

09-25-2024 By: Lokesh Gupta
Crypto Inflows Hit $

Fed Rate Cut Sparks $321M Inflow: Bitcoin Eyes Breakout

The recent 0.5% rate cut by the US Federal Reserve has injected fresh energy into the cryptocurrency sector, resulting in a significant influx of $321 million. As the market reacts, all eyes are on Bitcoin and key altcoins, with many speculating whether this signals the start of a breakout.

Could this be the moment holders have been waiting for? Read on to find out.

$321M Inflows: What Does It Mean for BTC Price?

Following the Fed’s announcement, the Bitcoin price today showed immediate volatility, reaching $63,964, up 0.30% over the past 24 hours. This boost was echoed across the alternative assets, where Ethereum (ETH) and Solana (SOL) also saw increases in price. Analysts are optimistic about the Bitcoin USD uptick, particularly if the bullish momentum continues.

Crypto inflows surge after Fed's 0.5% rate cut

With the rate cut signaling potential economic growth, holders may see this as an opportunity to ride the wave of liquidity. BTC to USD conversion rates are expected to rise. If the coin’s price breaks the $64,000 level, it could push the upward movement even further.

Is Bitcoin Surge on the Horizon?

Many believe that a breakout might be coming. Bitcoin price often follows liquidity trends, and the recent inflows indicate rising community’s confidence. As the coin’s price has seen an upward push, the impact of further inflows could lead to a broader surge.

According to the latest data, Bitcoin euro reached €60,297, showing a similar trend as BTC USD rates, which further highlights the global implications of the US rate cut. This makes Bitcoin dollar conversions a key metric to watch in the days ahead.

Is Bitcoin Surge on the Horizon?

Should the bullish trend prevail, the next critical resistance level could be around $67,000. However, if resistance holds, we could see the BTC USD price test the $60,000 support before a potential breakout. This price movement would have a significant impact on the Bitcoin courses, shaping sentiment for both new and veteran holders.

What’s Next for the Industry?

Following the rate cut, many will be watching Bitcoin’s movements. The positive sentiment may indicate a possible further uptick. Experts predict a potential price leap for BTC if the Fed continues to lower rates.

What’s Next for the Industry?

At the moment, Bitcoin sits at the center of attention, but other altcoins like Ethereum and Solana are also seeing movement. With the Fed’s latest decision likely to ripple globally, this could be a chance for holders to capitalize on the momentum. Watch for signs of further inflows or corrections as the industry digests the recent developments.

Minotaurus ($MTAUR): Early-Bird Advantage Before BTC Surge

With the current bullish sentiment, many BTC holders wait for a breakout. However, smart players know it's good to consider other options because of volatility. Recently, BTC holders started allocating their funds to presales like Minotaurus ($MTAUR). Why is that?

Minotaurus ($MTAUR) is currently offering its tokens in presale for $0.00005956, which is 70% off the listing price of $0.0002. Early birds who bought at the presale start price of $0.000040 could see their deposit rise by 400% by the time of listing. Those purchasing now can still expect a ~236% increase from $0.00005956 to $0.0002, turning a $100 purchase into roughly ~$336 post-listing.

Minotaurus ($MTAUR)

In addition to price potential, $MTAUR holders can benefit from referral and vesting programs that offer even more perks. Unlike many hype-reliant coins, $MTAUR has real utility in the Minotaurus gaming ecosystem. Players use it for in-game purchases, unlocking special content, and obtaining boosters. The casual gaming sector is growing about 9% each year, so Minotaurus is set to expand too. Also, with audits from SolidProof and Coinsult, the project has strong security.

$MTAUR holders can benefit from referral

The tokenomics is also worth mentioning. The $MTAUR token pool is 100 billion. 10 billion tokens (10%) are dedicated to community incentives, while just 2 billion (2%) are set aside for the team. This looks like a fair division, and many participants are already excited about it. With more people flocking to Minotaurus ($MTAUR), the presale token pool diminishes. Now might be the time to get involved.

$MTAUR token pool is 100 billion

Conclusion

The $321 million inflow into the cryptocurrency sector after the Fed’s rate cut shows clear community confidence, with the Bitcoin price USD leading the charge. However, holders should be cautious of key resistance levels around $67,000. 

While waiting for a surge, savvy BTC holders are looking at other choices. Presales like the one we’ve covered often become a prime pick. Such projects stand out with a low starting price and steady growth token sales stages.

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