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With the recent rate cuts by the United States Federal Reserve (‘Fed’) providing a bullish trigger for the price of Bitcoin (BTC), the maiden cryptocurrency has managed to cross the critical level at $60,000 and continue upwards, and artificial intelligence (AI) algorithms have turned bullish. As it happens, for the first time in over four years, the U.S. central bank has cut the interest rates, and by no less than a half point, in an aggressive beginning of its easing campaign, helping Bitcoin to recover from its losses amid uncertainty prior to the Federal Open Market Committee (FOMC) vote. AI’s Bitcoin price prediction In this context, Finbold has consulted the advanced AI algorithm deployed by the crypto market analytics and forecasting platform PricePredictions , which has set Bitcoin’s price in an uptrend for the rest of the month, predicting it to hit $70,107.84 by October 1, 2024. Picks for ...

$9 trillion asset management company BlackRock says the Federal Reserve’s interest rate cuts will not be as deep as the market expects. BlackRock Investment Institute wrote in a note Monday that a resilient economy and inflation remaining sticky may hamper the Fed from making a steep interest rate cut. JUST IN: BlackRock says the Federal Reserve's interest rate cuts will not be as deep as the market expects. — Watcher.Guru (@WatcherGuru) September 16, 2024 The Federal Reserve will decide this week whether it will cut interest rates for the first time in four years. The US has been fighting a difficult battle with inflation since the end of the COVID-19 pandemic. That battle temporarily led to a year-long streak of interest hikes monthly. However, it is expected that the Fed will finally make its first cuts, after leaving interest rates unchanged throughout the summer. BlackRock wrote that a reduction in interest rates of this magnitude reflects recession fears that are over...

The cryptocurrency market might be entering a consolidation phase as Bitcoin (BTC) continues to hover below $57,000. VeChain (VET) has made a 1.6% recovery in the last 24 hours but is down by 7.9% in the weekly chart, 13.6% in the 14-day charts, and nearly 5% over the previous month. Despite the current dip, the asset has rallied 35% since September 2023. This price prediction article will explore how high VET can go over the coming weekend. Source: CoinGecko Also Read: Shiba Inu: Analyst Predicts SHIB to Rally 1000% to $0.00014 VET Weekend Price Prediction According to CoinCodex analysts, VeChain (VET) will dip over the next few days. The platform predicts the asset will hit $0.02043 on Sunday, Sept. 8, 2024. Reaching $0.02043 from current levels will translate to a fall of about 2.67%. CoinCodex anticipates VET to rise to the $0.021 level by the last week of this month. Source: CoinCodex Also Read: How High Will Dogecoin (DOGE) Trade 5 Years From Now? Changelly researchers expect VeC...