DeFi News Daily Official TheBitTimes.com

The Bitcoin price plunged 3% in the last 24 hours to trade at $100,478 as of 11:07 p.m. EST on trading volume that surged 24% to $114 billion. This comes after the Federal Open Market Committee (FOMC) meeting delivered a 25 basis point cut, as widely expected, bringing the Federal Reserve (FED) Funds interest rate into a range of 4.25% – 4.50%. But the Fed signaled a slower pace of easing in 2025, a revised projection that was more hawkish than most pundits anticipated, and that sent the crypto market into a tailspin.  Bitcoin Price Could Continue Soaring The daily chart for the Bitcoin price highlights a strong bullish trend, characterized by a breakout from a prolonged accumulation phase and consistent upward price movement. A well-defined consolidation zone is visible between June and late November, marked in purple on the chart, with price oscillating between $60,000 and $70,000, according to data from Geckoterminal . After the breakout above the $70,000 resistance...

According to crypto Analysis firm IntoTheBlock, Dogecoin (DOGE) whales have been stacking up on the meme coin over the last few days. According to the platform, whales increased their inflow from 46.25 million to 493.15 million DOGE on Sept. 11. The rise represents an increase of about 970%. Source: IntoTheBlock Also Read: Cryptocurrency: This Coin Spiked 6,000% in Just 1 Year Whale Accumulation And Market Impact IntoTheBlock data shows that 62% of DOGE’s supply is held by large wallets, causing price swings in the event of whale accumulations and sell-offs. The platform also notes that 70% of DOGE holders are in profit, 26% are sitting on losses, and 3% are even. Source: IntoTheBlock Why Are DOGE Whales Buying? Source – Bitcoinist The latest accumulation trend could be due to Elon Musk’s recent comment about being the “Dogefather.” Musk is an avid Dogecoin (DOGE) fan and has never stopped supporting the meme coin. Musk’s comments have often led to s...