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Bitcoin Bitcoin (BTC) $117,401.92 ↑ 1.95%
Ethereum Ethereum (ETH) $3,743.06 ↑ 3.25%
XRP XRP (XRP) $3.16 ↑ 3.07%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
BNB BNB (BNB) $783.15 ↑ 2.93%
Solana Solana (SOL) $186.24 ↑ 4.76%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 5.09%
TRON TRON (TRX) $0.32 ↑ 0.96%
Cardano Cardano (ADA) $0.82 ↑ 3.07%
Hyperliquid Hyperliquid (HYPE) $44.51 ↑ 4.82%
Sui Sui (SUI) $4.00 ↑ 9.89%
Stellar Stellar (XLM) $0.44 ↑ 6.72%
Chainlink Chainlink (LINK) $18.25 ↑ 4.33%
Hedera Hedera (HBAR) $0.27 ↑ 12.37%
Bitcoin Cash Bitcoin Cash (BCH) $554.68 ↑ 6.33%
Avalanche Avalanche (AVAX) $24.11 ↑ 4.40%
Litecoin Litecoin (LTC) $113.20 ↑ 1.55%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↑ 0.02%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 5.38%
Toncoin Toncoin (TON) $3.32 ↑ 7.29%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.01%
Uniswap Uniswap (UNI) $10.43 ↑ 4.57%
Polkadot Polkadot (DOT) $4.09 ↑ 4.12%
Monero Monero (XMR) $325.51 ↓ -0.17%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.56 ↑ 3.00%
Pepe Pepe (PEPE) $0.00 ↑ 4.56%
Aave Aave (AAVE) $296.97 ↑ 4.13%
Cronos Cronos (CRO) $0.13 ↑ 3.79%
Bittensor Bittensor (TAO) $428.86 ↑ 5.36%
Ethena Ethena (ENA) $0.59 ↑ 20.50%
NEAR Protocol NEAR Protocol (NEAR) $2.85 ↑ 7.17%
Ethereum Classic Ethereum Classic (ETC) $23.04 ↑ 5.54%
Pi Pi (PI) $0.44 ↑ 0.66%
Ondo Ondo (ONDO) $1.04 ↑ 5.13%
Aptos Aptos (APT) $4.77 ↑ 2.69%
Internet Computer Internet Computer (ICP) $5.62 ↑ 4.31%
OKB OKB (OKB) $48.06 ↑ 1.27%
Bonk Bonk (BONK) $0.00 ↑ 3.67%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 14.72%
Kaspa Kaspa (KAS) $0.10 ↑ 1.86%
Mantle Mantle (MNT) $0.77 ↑ 4.69%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 2.74%
Algorand Algorand (ALGO) $0.27 ↑ 4.72%
Arbitrum Arbitrum (ARB) $0.45 ↑ 5.77%
VeChain VeChain (VET) $0.03 ↑ 5.13%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.07%
Render Render (RENDER) $4.21 ↑ 5.67%
GateToken GateToken (GT) $17.72 ↑ 2.62%
Worldcoin Worldcoin (WLD) $1.16 ↑ 4.17%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.08 ↑ 3.62%
Sky Sky (SKY) $0.09 ↑ 12.73%
Sei Sei (SEI) $0.33 ↑ 5.44%
Cosmos Cosmos (ATOM) $4.68 ↑ 2.08%
SPX6900 SPX6900 (SPX) $1.96 ↑ 13.98%
Filecoin Filecoin (FIL) $2.64 ↑ 3.85%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 1.82%
Flare Flare (FLR) $0.02 ↑ 6.88%
Jupiter Jupiter (JUP) $0.55 ↑ 4.73%
Story Story (IP) $5.48 ↑ 6.88%
Curve DAO Token Curve DAO Token (CRV) $1.07 ↑ 5.94%
Quant Quant (QNT) $120.91 ↑ 1.97%
KuCoin Token KuCoin Token (KCS) $11.40 ↓ -5.01%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.04%
Injective Injective (INJ) $14.23 ↑ 7.27%
XDC Network XDC Network (XDC) $0.09 ↑ 2.26%
Celestia Celestia (TIA) $1.93 ↑ 5.80%
Fartcoin Fartcoin (FARTCOIN) $1.38 ↑ 2.27%
Four Four (FORM) $3.38 ↑ 0.23%
Stacks Stacks (STX) $0.80 ↑ 6.42%
FLOKI FLOKI (FLOKI) $0.00 ↑ 6.78%
Optimism Optimism (OP) $0.72 ↑ 6.03%
Ethereum Name Service Ethereum Name Service (ENS) $30.53 ↑ 10.63%
Immutable Immutable (IMX) $0.57 ↑ 5.82%
dogwifhat dogwifhat (WIF) $1.06 ↑ 3.91%
The Graph The Graph (GRT) $0.10 ↑ 4.09%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 4.38%
Kaia Kaia (KAIA) $0.16 ↑ 1.81%
Lido DAO Lido DAO (LDO) $1.10 ↑ 4.42%
Sonic Sonic (S) $0.33 ↑ 2.68%
Conflux Conflux (CFX) $0.19 ↑ 8.52%
PancakeSwap PancakeSwap (CAKE) $2.76 ↑ 5.54%
PAX Gold PAX Gold (PAXG) $3,357.56 ↓ -0.22%
Tezos Tezos (XTZ) $0.88 ↑ 4.06%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 5.46%
Vaulta Vaulta (A) $0.57 ↑ 3.21%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.04%
Theta Network Theta Network (THETA) $0.88 ↑ 5.25%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 4.54%
Nexo Nexo (NEXO) $1.31 ↓ -0.94%
Tether Gold Tether Gold (XAUt) $3,347.34 ↓ -0.35%
IOTA IOTA (IOTA) $0.21 ↑ 4.67%
Raydium Raydium (RAY) $3.04 ↑ 5.27%
Gala Gala (GALA) $0.02 ↑ 4.22%
The Sandbox The Sandbox (SAND) $0.30 ↑ 3.71%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 3.22%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 5.81%
Pendle Pendle (PENDLE) $4.45 ↑ 4.52%
Jito Jito (JTO) $1.96 ↑ 2.03%
Bitcoin Bitcoin (BTC) $117,401.92 ↑ 1.95%
Ethereum Ethereum (ETH) $3,743.06 ↑ 3.25%
XRP XRP (XRP) $3.16 ↑ 3.07%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.01%
BNB BNB (BNB) $783.15 ↑ 2.93%
Solana Solana (SOL) $186.24 ↑ 4.76%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 5.09%
TRON TRON (TRX) $0.32 ↑ 0.96%
Cardano Cardano (ADA) $0.82 ↑ 3.07%
Hyperliquid Hyperliquid (HYPE) $44.51 ↑ 4.82%
Sui Sui (SUI) $4.00 ↑ 9.89%
Stellar Stellar (XLM) $0.44 ↑ 6.72%
Chainlink Chainlink (LINK) $18.25 ↑ 4.33%
Hedera Hedera (HBAR) $0.27 ↑ 12.37%
Bitcoin Cash Bitcoin Cash (BCH) $554.68 ↑ 6.33%
Avalanche Avalanche (AVAX) $24.11 ↑ 4.40%
Litecoin Litecoin (LTC) $113.20 ↑ 1.55%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↑ 0.02%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 5.38%
Toncoin Toncoin (TON) $3.32 ↑ 7.29%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.01%
Uniswap Uniswap (UNI) $10.43 ↑ 4.57%
Polkadot Polkadot (DOT) $4.09 ↑ 4.12%
Monero Monero (XMR) $325.51 ↓ -0.17%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.56 ↑ 3.00%
Pepe Pepe (PEPE) $0.00 ↑ 4.56%
Aave Aave (AAVE) $296.97 ↑ 4.13%
Cronos Cronos (CRO) $0.13 ↑ 3.79%
Bittensor Bittensor (TAO) $428.86 ↑ 5.36%
Ethena Ethena (ENA) $0.59 ↑ 20.50%
NEAR Protocol NEAR Protocol (NEAR) $2.85 ↑ 7.17%
Ethereum Classic Ethereum Classic (ETC) $23.04 ↑ 5.54%
Pi Pi (PI) $0.44 ↑ 0.66%
Ondo Ondo (ONDO) $1.04 ↑ 5.13%
Aptos Aptos (APT) $4.77 ↑ 2.69%
Internet Computer Internet Computer (ICP) $5.62 ↑ 4.31%
OKB OKB (OKB) $48.06 ↑ 1.27%
Bonk Bonk (BONK) $0.00 ↑ 3.67%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 14.72%
Kaspa Kaspa (KAS) $0.10 ↑ 1.86%
Mantle Mantle (MNT) $0.77 ↑ 4.69%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 2.74%
Algorand Algorand (ALGO) $0.27 ↑ 4.72%
Arbitrum Arbitrum (ARB) $0.45 ↑ 5.77%
VeChain VeChain (VET) $0.03 ↑ 5.13%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.07%
Render Render (RENDER) $4.21 ↑ 5.67%
GateToken GateToken (GT) $17.72 ↑ 2.62%
Worldcoin Worldcoin (WLD) $1.16 ↑ 4.17%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.08 ↑ 3.62%
Sky Sky (SKY) $0.09 ↑ 12.73%
Sei Sei (SEI) $0.33 ↑ 5.44%
Cosmos Cosmos (ATOM) $4.68 ↑ 2.08%
SPX6900 SPX6900 (SPX) $1.96 ↑ 13.98%
Filecoin Filecoin (FIL) $2.64 ↑ 3.85%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 1.82%
Flare Flare (FLR) $0.02 ↑ 6.88%
Jupiter Jupiter (JUP) $0.55 ↑ 4.73%
Story Story (IP) $5.48 ↑ 6.88%
Curve DAO Token Curve DAO Token (CRV) $1.07 ↑ 5.94%
Quant Quant (QNT) $120.91 ↑ 1.97%
KuCoin Token KuCoin Token (KCS) $11.40 ↓ -5.01%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.04%
Injective Injective (INJ) $14.23 ↑ 7.27%
XDC Network XDC Network (XDC) $0.09 ↑ 2.26%
Celestia Celestia (TIA) $1.93 ↑ 5.80%
Fartcoin Fartcoin (FARTCOIN) $1.38 ↑ 2.27%
Four Four (FORM) $3.38 ↑ 0.23%
Stacks Stacks (STX) $0.80 ↑ 6.42%
FLOKI FLOKI (FLOKI) $0.00 ↑ 6.78%
Optimism Optimism (OP) $0.72 ↑ 6.03%
Ethereum Name Service Ethereum Name Service (ENS) $30.53 ↑ 10.63%
Immutable Immutable (IMX) $0.57 ↑ 5.82%
dogwifhat dogwifhat (WIF) $1.06 ↑ 3.91%
The Graph The Graph (GRT) $0.10 ↑ 4.09%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 4.38%
Kaia Kaia (KAIA) $0.16 ↑ 1.81%
Lido DAO Lido DAO (LDO) $1.10 ↑ 4.42%
Sonic Sonic (S) $0.33 ↑ 2.68%
Conflux Conflux (CFX) $0.19 ↑ 8.52%
PancakeSwap PancakeSwap (CAKE) $2.76 ↑ 5.54%
PAX Gold PAX Gold (PAXG) $3,357.56 ↓ -0.22%
Tezos Tezos (XTZ) $0.88 ↑ 4.06%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 5.46%
Vaulta Vaulta (A) $0.57 ↑ 3.21%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.04%
Theta Network Theta Network (THETA) $0.88 ↑ 5.25%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 4.54%
Nexo Nexo (NEXO) $1.31 ↓ -0.94%
Tether Gold Tether Gold (XAUt) $3,347.34 ↓ -0.35%
IOTA IOTA (IOTA) $0.21 ↑ 4.67%
Raydium Raydium (RAY) $3.04 ↑ 5.27%
Gala Gala (GALA) $0.02 ↑ 4.22%
The Sandbox The Sandbox (SAND) $0.30 ↑ 3.71%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 3.22%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 5.81%
Pendle Pendle (PENDLE) $4.45 ↑ 4.52%
Jito Jito (JTO) $1.96 ↑ 2.03%
Home Cryptocurrency

Bitcoin and ETH Take a Hit After Second Assassination Attempt on Trump!

David Moore by David Moore
16 September 2024
in Cryptocurrency, News
Reading Time: 3 mins read
0
aftermath of a stock market crash with falling Bitcoin and Ethereum symbols in the background In the foreground a dar

The cryptocurrency market has been experiencing significant volatility due to recent events. Both Bitcoin and Ethereum lost around 5% in value amid concerns about the Federal Reserve’s anticipated interest rate cuts. However, the drop in Bitcoin wasn’t solely due to Fed fears. On Sunday, the FBI reported an assassination attempt on former U.S. President Donald Trump in Florida. While Trump’s safety was confirmed, this event heightened market uncertainty.

Table of Contents

Toggle
  • Fear Levels Return for Bitcoin
    • YOU MAY BE INTERESTED
    • Fumbled the Turbo Bag? MoonBull Whitelist Is Filling Fast: This One’s Built for 100x Crypto Hunters
    • Stage 14 Ignites 9.96% Jump: Troller Cat Presale at $0.00009667—Best Crypto to Explode in 2025 as SPX6900 Slides and Fartcoin Jumps
  • What’s Next for Bitcoin?
  • FUD Surrounding Ethereum
  • Fed’s Rate Decision Looms

Fear Levels Return for Bitcoin

Bitcoin had previously surged above the $60,000 mark, raising hopes of a new bull run. However, recent developments have quickly brought this rally to a halt. The uncertainty and fear in the market are forcing investors to be more cautious. As Bitcoin tests deep fear levels again, the market remains on edge. The only thing that could push prices higher now is a strong positive catalyst. Ethereum also took a hit, dropping 5.25% in value, marking its worst single-day decline since the beginning of August.

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In addition to Ethereum, Cardano (ADA) fell by 5%, while Solana (SOL) dropped by 4%. These sharp declines are seen as part of the broader downturn in the cryptocurrency market. Vice President Kamala Harris condemned the attack on Trump via social media, while Elon Musk also weighed in, criticizing the assassination attempt.

What’s Next for Bitcoin?

Crypto analyst Jason Pizzino believes that Bitcoin is currently in a consolidation phase, having corrected by 33% from its March high. However, he also suggests that this correction could be nearing its end. Pizzino sees long-term potential for Bitcoin, stating that investors who buy at these levels—below $60,000—could look back and view it as a good buying opportunity.

He emphasizes the importance of the $44,600 support level for Bitcoin. If it holds above this, the bull cycle may continue. Looking ahead, Pizzino predicts a breakout around the end of 2024 or early 2025, aligning with previous market cycles. While warning against overly optimistic predictions of Bitcoin reaching $1 million, the analyst remains confident about significant long-term gains.

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Bitcoin and Ethereum being affected by market instability and external events The image features the Bitc

FUD Surrounding Ethereum

Ethereum also saw a sharp decline, losing 6% in value in the last 24 hours, falling from $2,425 to $2,260. This drop reflects the broader nervousness in the market, amplified by negative news spreading on social media. Ethereum developer antiprosynthesis drew attention to this, stating on X (formerly Twitter) that “half of my feed is full of ETH FUD.”

Economist Alex Krüger compared Ethereum to Brazilian footballer Neymar Junior, implying a negative view on its performance. Crypto analysts James Check and KALEO mocked ETH’s price drop with sarcastic memes, while The Crypto Dog highlighted that Bitcoin Cash (BCH) outperformed Ethereum over the past year.

Fed’s Rate Decision Looms

This week is a critical one for the U.S. economy, as the Federal Reserve is set to announce an interest rate cut on September 18. According to the CME Fed Watch tool, there’s a 41% chance of a 25-basis point cut and a 59% chance of a 50-basis point cut. Some analysts warn that this anticipated cut could lead to a downturn in the crypto market. Analysts at Bitfinex suggest that the U.S. central bank’s decision could trigger a short-term decline in markets.

Turkish NY Radio will continue to monitor these developments closely as the market prepares for further potential shifts.

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David Moore

David Moore

I am a writer/editor and aspiring author with a high level of editing, writing, communication, leadership and research skills. I possess the proven ability to copy edit, write, fact check, format, calculate and verify numbers/percentages, interview people, perform research, teach and produce something meaningful from scratch. I've worked in various industries and in a number of team environments, including in support roles. In addition to my identity as a financier, I have had the opportunity to write editorial in other sectors throughout my life. Without saying no to these demands, I tried to expand my range and go beyond the field of finance. I have experience editing academic course material, financial services/investment copy, valuation/appraisal content, packaging/caution language and marketing/promotional material. I was on the basketball team when I was in college, but after I got injured, I continued to support the coach and my teammates. I learned leadership skills and continued to coach basketball teams. I've managed young people, and excelled in a number of office cultures. I’m currently working as a Financial Editor for different digital news channels, with contents about personal finance management and cryptocurrencies. economy

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