“Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50bps),” Marc Chandler, chief market strategist at Bannockburn Global Forex
The project is offered on both Arbitrum and Avalanche blockchains. Monday’s exploit impacted only the version on Arbitrum as of European morning hours.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Analysts suggest the ETH/BTC ratio might drop further, potentially to the 0.02-0.03 range, unless there’s a significant change in investor sentiment or regulatory clarity that might favor riskier assets.