"Bitcoin fell below $60,000 during the European morning ahead of a widely anticipated first interest-rate cut by the Fed in four years. Lower borrowing costs have historically been a bullish driver of risk assets such as cryptocurrencies."
"After ether's uninspiring performance in 2024, the world's second-largest cryptocurrency could be a contrarian bet into the year-end, according to Bitwise. ETH is little changed this year, while BTC is up 30% and SOL 31%."
"Ethereum has the most active developers, the most active users, and a market cap that is 5X bigger than its closest competitor," wrote Matt Hougan, Bitwise's CIO, comparing it to Microsoft.
"BitGo plans to introduce a dollar-backed stablecoin next year, differentiating itself in a crowded market by offering rewards to institutions that provide liquidity to the network."
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