September 8 BTCUSD BingX Chart Analysis and Today's Headline
BingX’s Bitcoin Chart
According to the CME FedWatch Tool, the probability of a 75 basis point rate hike in the September meeting has risen to 80% from 69% a week ago. Bitcoin is up 2.59% over the last 24 hours and fell to an intraday low of $19,464.80. As investors worry about the Federal Reserve could continue with its aggressive tightening monetary policy, risky assets have been under selling pressure lately. However, the largest cryptocurrency rebounded alongside the traditional equity market today, which could be a short-term adjustment. For now, the bulls need to push the Bitcoin price above the psychological level of $20,000 to establish a relief rally.
Today’s Cryptocurrency Headline
SEBA Bank Launches Ethereum Staking Services For Institutional Clients
Swiss-regulated crypto platform SEBA Bank has launched ETH staking services for institutional clients. SEBA Bank said that the product allows users to receive ETH staking rewards on a monthly basis and variable lock-up periods will be instituted post-merge. However, no staked ETH can be withdrawn from Ethereum’s Beacon Chain until after a subsequent network upgrade, dubbed Shanghai, expected in the second quarter of 2023. Earlier in December last year, SEBA Bank launched the "SEBA Earn" program, which will allow institutional clients to obtain rewards through services such as staking, lending, and DeFi.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
According to the CME FedWatch Tool, the probability of a 75 basis point rate hike in the September meeting has risen to 80% from 69% a week ago. Bitcoin is up 2.59% over the last 24 hours and fell to an intraday low of $19,464.80. As investors worry about the Federal Reserve could continue with its aggressive tightening monetary policy, risky assets have been under selling pressure lately. However, the largest cryptocurrency rebounded alongside the traditional equity market today, which could be a short-term adjustment. For now, the bulls need to push the Bitcoin price above the psychological level of $20,000 to establish a relief rally.
Today’s Cryptocurrency Headline
SEBA Bank Launches Ethereum Staking Services For Institutional Clients
Swiss-regulated crypto platform SEBA Bank has launched ETH staking services for institutional clients. SEBA Bank said that the product allows users to receive ETH staking rewards on a monthly basis and variable lock-up periods will be instituted post-merge. However, no staked ETH can be withdrawn from Ethereum’s Beacon Chain until after a subsequent network upgrade, dubbed Shanghai, expected in the second quarter of 2023. Earlier in December last year, SEBA Bank launched the "SEBA Earn" program, which will allow institutional clients to obtain rewards through services such as staking, lending, and DeFi.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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