The post BTC & Altcoins Volatile Post-FOMC, Binance Unveils Listings appeared on BitcoinEthereumNews.com.

The crypto realm has closed another week with attention-nabbing developments unfolding across the broader sector. Bitcoin & Altcoins saw increased turbulence after the U.S. FOMC meeting this month, whereas the BoJ announced unchanged interest rates, adding to speculations. Simultaneously, in light of key market events, BTC price fluctuated, driving the broader volatility. Crypto Market Turbulent Post-FOMC & BoJ Interest Rate Decisions Notably, the U.S. Fed’s latest decision of an interest rate cut by 50 bp has conversely sparked price fluctuations within the crypto sector. After riding a rollercoaster ride, BTC price closed this week at $63K, up from $59K in the past seven days. Meanwhile, the Bank of Japan announced unchanged interest rates at 0.25%, adding to speculations on the market’s future price movements. BitMEX co-founder’s remarks in the aftermath of the Fed’s rate cuts have raised further investor concerns. Talking at Token2049, Arthur Hayes warned that a rate cut may cause the crypto market to crash. However, as Q3 ends, market sentiments remain optimistic due to Q4 being seasonally bullish for risk assets. Binance Uncurtains A Stockpile Of Listings Simultaneously, this week saw cryptocurrency exchange behemoth Binance expanding support for several tokens. The CEX launched KDAUSDT USD-Margined perpetual contract this week, pushing Kadena price up nearly 30%. Moreover, the exchange listed Solana Name Service (FIDA) in another mover, causing the token’s price to pump. Also, TON-based Catizen went live on the exchange this week, with even CATI price soaring over 30%. UXLINK, another token, extended its weekly gains to 110% on UXLINKUSDT Binance futures listing. Altogether, the CEX giant Binance has garnered significant attention with its stockpile of listings this week. Other News From Around The Globe Meanwhile, some other buzzworthy crypto headlines for this week are: BY Mellon was exempted from the SEC‘s SAB 121 this week, allowing…

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Filed under: News - @ September 22, 2024 6:27 am