Cryptocurrencies continue to show strong performance, outpacing the stock market. However, Bitcoin ETFs are experiencing major outflows amid rising tensions in the Middle East. Meanwhile, retail sales rose 0.7% in Australia.
Bitcoin saw US$321M in inflows following the Fed's rate cut. Speculation rises about China's stimulus measures potentially boosting crypto prices. Meanwhile, Australia’s CPI dropped to 2.7%, reaching a three-year low, while the US Fed cuts rates by 50 bps.
BTC Markets partners with Real Vision to deliver crypto market insights. Ondo (ONDO) is now available. BlackRock's Bitcoin ETF sees first net inflows in 14 days.
Weekly crypto wrap: 12th September 2024: Ondo (ONDO) is now live on BTC Markets. Bitcoin resilient; expectations of reaching 6- figures, despite market volatility & U.S. economic uncertainties. Grayscale’s Sui Trust; accessible to accredited investors.
AI-driven crypto scams represent a new fraud wave, using deepfakes, scam tokens, phishing sites, and disinformation. Although current risks are minor, crypto users must stay alert and adopt precautions to safeguard their assets effectively.
Ondo (ONDO) is coming to BTC Markets. Crypto leads 2024's biggest ETF launches. Ripple expands XRP Ledger with Ethereum-compatible smart contracts. Australia's GDP growth slowed, with manufacturing contracting while services rebounded.