On Oct. 6, Bitcoin BTC $123 785 24h volatility: 0.8% Market cap: $2.47 T Vol. 24h: $57.38 B remains in focus. It is currently trading at around $123,000. Ethereum ETH $4 563 24h volatility: 0.7% Market cap: $550.68 B Vol. 24h: $31.90 B is above $4,530. Is Uptober gaining momentum? What is happening in the crypto market today?
nextThe post Live: Bitcoin Near ATH, Ethereum Climbs, and Other Crypto Market Updates on Oct. 6 appeared first on Coinspeaker.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
