Crypto Sector Rebounds Amid Growing Market Optimism

The post Why is Bitcoin (BTC) Trading Lower Today? appeared on BitcoinEthereumNews.com. Bitcoin BTC$90,457.05, the leading cryptocurrency by market value, is down following the overnight Fed rate cut. The reason likely lies in the Fed’s messaging, which has made traders less excited about future easing. The Fed on Wednesday cut the benchmark interest rate by 25 basis points to 3.25% as expected and announced it will begin purchasing short-term Treasury bills to manage liquidity in the banking system. Yet, BTC traded below $90,000 at press time, representing a 2.4% decline since early Asian trading hours, according to CoinDesk data. Ether was down 4% at $3,190, with the CoinDesk 20 Index down over 4%. The risk-off action is likely due to growing signs of internal Fed divisions on balancing inflation control against employment goals, coupled with signals of a more challenging path for future rate cuts. Two members voted for no change on Wednesday, but individual forecasts revealed that six FOMC members felt that a cut wasn’t “appropriate.” Besides, the central bank suggested just one more rate cut in 2026, disappointing expectations for two to three rate cuts. “The Fed is divided, and the market has no real insight into the future path of rates from now until May 2026, when Chairman Jerome Powell will be replaced. The replacement of Powell with a Trump loyalist (who will push to lower rates aggressively) is likely the most reliable signal for rates. Until then, however, there are still 6 months to go,” Greg Magadini, director of derivatives at Amberdata, told CoinDesk. He added that the most likely occurrence as of now is a needed “deleveraging” or down-market” to convince the Fed of lower rates decidedly. Shiliang Tang, managing partner of Monarq Asset Management, said BTC is following the stock market lower. “Crypto markets initially spiked on the news but have steadily moved lower since, in conjunction with…

Introduction to Cryptos Will 100x in 5 Years Every new crypto bull cycle triggers the same dream: catching the next 100x token. Tales from early Solana, Matic, and Shiba Inu holders keep the dream alive, tiny portfolios becoming life-changing money in less than half a decade. But 100x doesn’t happen randomly. It happens at specific […] The post Which Cryptos Will 100x in 5 Years?  appeared first on CoinSwitch. The post Which Cryptos Will 100x in 5 Years?  appeared first on CoinSwitch.

XRP 589 gains attention after recent tweets spark speculation. Apple Pay integration boosts XRP, 589 number signals bullish momentum. Cryptic 589 resurfaces in tweets, XRP community anticipates market shift. In the past 48 hours, the number ‘589’ has resurfaced in the XRP community, reigniting a wave of curiosity and speculation. The number, closely linked to XRP, has made its presence felt once again following two high-profile tweets—one from Solana and another from the cryptocurrency payment platform MoonPay—both of which have captured the attention of crypto traders and enthusiasts alike. The first tweet, coming from Solana, sparked immediate intrigue within the community. The tweet referenced the number ‘589,‘ which quickly became a topic of conversation across social media. While Solana’s tweet wasn’t directly tied to XRP, it played a key role in reintroducing the number, reminding many of its past associations with XRP. It also fueled a fresh wave of speculation about its potential significance in the crypto market. Building on this momentum, MoonPay followed up with its own tweet, showing a screenshot of a 589 XRP purchase through Apple Pay. This integration of Apple Pay with XRP purchases seemed to amplify the mystery surrounding the number, leading some to believe that it could symbolize an impending bullish move for XRP. The number’s return, especially in a payment context, added to its cryptic allure, leaving the community wondering whether it signaled something more substantial for XRP’s price action. pic.twitter.com/fnBlSvmGIL — MoonPay (@moonpay) December 10, 2025 Also Read: XRP Supply Shock: $1.3 Billion XRP Vanishes from Exchanges – What This Means for Price Why Is ‘589’ Resonating with XRP Investors? The reappearance of the number 589 has sparked discussions about its historical symbolism within the XRP community. Some investors are speculating that it is not a coincidence, but could indicate a potential bullish breakout for XRP. The recurrence of ‘589’ in two significant tweets has reignited interest and prompted renewed hope that it could represent a turning point for XRP’s price. Notably, MoonPay’s tweet, which combined the number with an announcement about the ease of purchasing 589 XRP using Apple Pay, further stoked these theories. The simplicity of buying XRP via a widely used payment service like Apple Pay has led many to believe that XRP could be on the verge of greater mainstream adoption, potentially signaling positive price movements in the future. Moreover, the connection between ‘589’ and the broader discussions surrounding XRP has not gone unnoticed by the community. Whether it’s a hidden message, a marketing strategy, or simply a coincidence, the number 589 has once again captured the attention of XRP investors. Its sudden resurgence in the public eye has led to a growing sense of anticipation, with many eagerly awaiting any further developments. Also Read: XRP May Surge 400% to $10 Within 2026: Analyst The post Two ‘589’ Tweets in 48 Hours: XRP Cryptic Bullish Number Regains Traction – What’s Happening? appeared first on 36Crypto.