BTC poised for December recovery on ‘macro tailwinds,' Fed rate cut: Coinbase

Bitcoin and Ethereum have shown positive price movements as traders anticipate an interest rate decision from the Federal Reserve, with Bitcoin recently trading above $94,000. This comes after a period of volatility where crypto prices generally react favorably to rate cuts, although the current market dynamics are complex.

The cryptocurrency market has gained $150 billion as Bitcoin surged to $94,000, with traders positioning themselves ahead of a likely 25 basis point rate cut by the Federal Reserve on Wednesday. This significant price movement reflects a shift in market sentiment, moving away from previous bearish trends.

PNC Bank has launched Bitcoin trading for eligible clients through an integration with Coinbase, making it the first major U.S. bank to offer spot Bitcoin trading within its own digital platform, initially targeting private banking clients.

Bitcoin's price has surged past $94,000, buoyed by market expectations of a Federal Reserve rate cut in the upcoming meeting. This significant increase reflects a shift in sentiment among traders, moving away from recent bearish trends in the cryptocurrency market.

Bitcoin's price surged to $94,000, marking a significant increase just one day before the anticipated Federal Reserve rate cut. This rise indicates a potential shift in market sentiment, moving away from the typical bearish trend observed in recent U.S. trading sessions.

Shiba Inu has experienced a significant increase in spot trading volume across major exchanges, including a 154% rise on Kraken over the past week, indicating a potential bullish trend for the second-largest meme coin by market cap. This surge comes as the broader cryptocurrency market faces declines, suggesting that buyers are stepping in to support the SHIB price at critical levels.

PNC Bank has become the first major U.S. bank to offer direct Bitcoin trading to eligible Private Bank clients through a partnership with Coinbase, allowing clients to buy, sell, and hold Bitcoin directly within their digital banking accounts. This service represents a significant advancement in integrating cryptocurrency into traditional banking services.

Pye Finance has successfully raised $5 million in a seed funding round led by Variant and Coinbase Ventures, aimed at creating an on-chain marketplace for trading locked Solana staking positions. This initiative seeks to unlock idle staked assets within the Solana ecosystem, enhancing liquidity for investors.