Daily Archives: 05/09/2024

Bitfinex: Bitcoin May Drop Sharply After US Interest Rate Change

Bitfinex analysts said that the US Federal Reserve’s interest rate cut will have unexpected consequences for the cryptocurrency market. According to experts, the Bitcoin rate could fall by one-fifth.    Bitfinex reminded that September is traditionally considered a weak month for the first cryptocurrency, and there is a possibility of increased price fluctuations: “These are challenging times for traders. The Fed’s interest rate decision is scheduled for September 18. Market sentiment is optimistic after Fed…

Switzerland’s Fourth Largest Bank Offers Crypto Services to Clients

Zurich Cantonal Bank (ZKB), Switzerland’s fourth-largest bank by market capitalization, has begun offering digital asset trading and custody services. ZKB announced the integration of digital platforms ZKB eBanking and ZKB Mobile Banking for cryptocurrency transactions. At the initial stage of the cryptocurrency project, clients will have access to trading operations in bitcoins and ether. “Our crypto asset offering offers a high level of security and enables integration with other currencies and applications,” said Alexandra Scriba,…