Bitcoin and Ethereum Brace for FED Interest Rate Decision Amid Downward Trend

Bitcoin and Ethereum: Only 8 Days Left Until the Crucial FED Interest Rate Decision

According to an article by Blockchain-Hero, investors have little time left to prepare for the upcoming interest rate decisions by the US Federal Reserve (FED). On Wednesday evening, September 18, it will become critical for Bitcoin and Ethereum. These cryptocurrencies have been trapped in a downward trend in recent weeks, with altcoins like Ethereum suffering significantly.

Hopes now rest on the central banks' interest rate cut cycles. While the ECB will lower its rates, the FED is also expected to follow next week with a cut of 0.25 percentage points. This could positively impact riskier assets like cryptocurrencies.

Ethereum: Are Layer-2 Solutions Now a Real Competition?

According to a report by FinanzNachrichten.de, Ethereum has solved some of its scaling issues through new features like Proto-Danksharding, significantly reducing fees. The question of whether Ethereum still relies on Layer-2 solutions or if these solutions have even become a competition is becoming increasingly relevant.

Data shows that the Total Value Locked (TVL) in ETH Layer-2s has increased by 196%, whereas the growth in Ethereum itself was only half as much. Layer-2 networks have also surpassed Ethereum in active wallets and daily transactions.

Ancient Bitcoin Wallet from the Satoshi Era Reawakens After 11 Years with Millions in Value

According to a report by BTC-ECHO, an inactive Bitcoin wallet has resurfaced after 11 years. This wallet originates from the early Bitcoin era when Satoshi Nakamoto was active and mining with gaming laptops was possible. Blockchain tracker Whale Alert has detected that this ancient wallet contains at least 146 BTC worth over 8.1 million US dollars.

Interestingly, the unknown individual was able to move their coins despite their enormous value for only $1.91, demonstrating how inexpensive transaction costs can be with patience.

Is XRP Price Poised for a Bull Run? Technical Indicator Shows Promising Signal

In a recently published technical analysis, Coin Update highlights that according to crypto analyst "Dark Defender," the XRP price has produced its seventh green signal in the monthly chart view, indicating a possible trend reversal. Since the introduction of the Wave Trend Indicator, it has shown seven green signals overall, three of which led to significant price movements and substantial gains for investors. The newest signal in September is being closely monitored.

XRP Healthcare breakthrough: Ripple advances AI integration, reports Finanznachrichten.de. Founded in November, the project has already achieved milestones with brand registrations in Uganda, the UK, and the United Arab Emirates. XRPHealthcare has developed a chatbot named XRPHealthcare.ai, which offers personalized health tips covering both traditional and holistic medical practices. The fusion of blockchain technology aims to establish a foothold in the African market, where year-on-year growth opportunities are expected.

SEC Drops Charges Against Ripple, Maintains Non-Security Status

According to BeInNews Academy, the SEC has dropped charges against executives Brad Garlinghouse and Chris Larsen, leading to speculation about an appeal regarding programmatic sales. Former regional director Marc Fagel suggested that the appellate court would still investigate but is unlikely to challenge the status. Legal expert Bill Morgan emphasized that it is unlikely to be contested, boosting further confidence in the developments.

FXStreet reports that German reserves of tokens on Binance have decreased over the month, potentially a positive indicator for the price. At the time of writing, several factors point to consistent progress despite legal challenges. CEO met with Japanese lawmakers, praised Japan's stance on innovation. Block Builders decided not to conduct business in the USA due to regulatory uncertainties hindering innovation but considered alternative locations like London and Tokyo.

Various analyses suggest significant price recovery after ending legal disputes, though other gains have trailed. Chances of an explosive surge similar to previous peaks remain, yet the long-term impact of technological advancements and partnerships maintain short-term optimism. Sources SEC further investigation status Healthcare enters limitless world falls dollar reserves since July million plummeted no IPO criticized forecast rally Coin Update new announcements could increase editorial welcome blockchain hero com. Our editorial team provides well-founded information and practical tips to understand the fundamentals and applications, keeping you updated to make informed decisions.

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