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Bitcoin's price briefly dipped below $100,000 following the Federal Reserve's cautious outlook on interest rate cuts, dropping to $98,760 before recovering. Despite this volatility, the cryptocurrency remains up about 50% since the US elections, buoyed by optimism around regulatory changes. Analysts suggest that Bitcoin must surpass $105,400 to shift the current bearish sentiment, while concerns about persistent inflation continue to loom.
Maverick Protocol has launched a "MemeFi" platform called goose.run on Coinbase's Base network, aiming to integrate decentralized finance with memecoins. This platform offers features like liquidity bootstrapping and allows users to lend and borrow against memecoins, enhancing capital formation for content creation. With a total value locked of nearly $4 billion, Base is positioned as a promising environment for memecoin platforms, as the market for memecoins continues to grow, now valued at over $128 billion.
Paul Veradittakit
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bitcoin price dips below 100000 amid fed's cautious rate cut outlook
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11:30 19.12.2024
maverick protocol launches memefi platform goose run on coinbase base network
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