#BTC Reserve Market Impact# #XRP ETF Goes Live# #Fed Cuts Rates By 25 Bps# Cryptocurrencies today: Bitcoin, Ethereum, and XRP look to the next rise as risk sentiment grows: - The price of Bitcoin rose above $117,000 after the Federal Reserve's decision on interest rates and optimistic chart forecasts. - The price of Ethereum has stabilized at around $4600 despite minor outflows from exchange-traded funds. - XRP bulls regain control of the direction, targeting a breakout towards the all-time high of $3.66. The price of Bitcoin (BTC) rose above the $117,000 level on Thursday, supported by increasing optimism in the cryptocurrency market overall. This rise in Bitcoin's price is accompanied by steady increases in the prices of alternative currencies, with Ethereum (ETH) and Ripple (XRP) poised for a short-term breakout towards their all-time highs. Market Overview: Cryptocurrency markets are recovering thanks to improved market sentiment. It was widely expected that the U.S. Federal Reserve would cut interest rates by 25 basis points on Wednesday, but what caught the attention of investors was the dot plot, which showed that most policymakers at the Federal Reserve expect to cut interest rates in all remaining meetings of the year. The reduction of the interest rate by 25 basis points has raised the benchmark interest rate to a new range between 4.00% and 4.25%, a decision that was approved by 11 out of 12 members of the Federal Open Market Committee, indicating a softer labor market, a higher unemployment rate, and persistent inflation. Participants in the cryptocurrency market welcomed the decision to lower interest rates, fueling speculation on riskier assets. Wednesday's decision paved the way for two additional interest rate cuts this year. - Today's plan: Bitcoin aims to break the $120,000 level: The price of Bitcoin has settled above the $117,000 level, supported by strong risk sentiment as investors prepare for the potential impact of upcoming interest rate cuts on riskier assets. The recovery of the Relative Strength Index (RSI) to 61 from its lowest level of 37 on August 31 indicates increasing bullish momentum. Higher readings of the Relative Strength Index, approaching the overbought territory, would support the stability of risk appetite, increasing the chances of Bitcoin's price surpassing the $120,000 mark. Traders will look for a buy signal from the SuperTrend indicator to confirm BTC's ability to maintain its bullish trend, targeting its all-time high of $124,474 reached on August 14. However, if investors take early profits, attention may shift to initial support levels such as the 50-day exponential moving average at $113,804 and the 100-day exponential moving average at $111,613. Attached is the daily chart for the BTC/USDT pair.

A recent report released by a well-known analyst in the industry reveals that Ripple and its Token XRP are at a historic turning point. After years of ecosystem development, several key factors are coming together to outline a clear picture of XRP's future development. This judgment is mainly based on the substantial progress of four important catalysts. Among them, the most notable is the process of accessing the Federal Reserve's master account. Ripple-related institutions have begun to apply for the Federal Reserve's master account, which is not only a compliance certification but also an important step towards direct access to the U.S. central bank's clearing system. Institutions that qualify for the master account will be able to participate directly in the Federal Reserve's large-scale payment system without intermediaries. For XRP, this development means that its role will upgrade from a tool within the ecosystem to a compliant component of financial infrastructure. Compared to traditional cross-border remittance services that take 1-3 working days and incur fees of 1%-3%, XRP can reduce settlement time to the minute level, with transaction costs dropping to $0.005-$0.02. Ripple has revealed that the first pilot institutions are two regional banks in North America, primarily targeting the cross-border trade needs of small and medium-sized enterprises. This initiative not only demonstrates the potential of XRP in enhancing the efficiency of cross-border payments but also marks its formal entry into the core areas of the traditional financial system. As these key factors progress, the Ripple ecosystem is gradually achieving a transformation from marginal innovation to mainstream financial infrastructure. This turning point may not only reshape the cross-border payment industry but also provide a new paradigm for the compliant development of the entire cryptocurrency industry. However, this process still faces numerous challenges such as regulation and market acceptance. Whether Ripple can successfully break through existing limitations and truly realize the 'XRP Endgame' remains to be seen.

#XRP ETF上线# XRP is the "Little Bitcoin" or the "Chancellor"! Reform and innovation. Today is Thursday, the interest rate meeting has concluded, and the Federal Reserve cut interest rates by 25 basis points (specifically down 25 basis points to 4.00% to 4.25%), potentially generating positive effects. But this is not the topic we will discuss today. Back to the main text: the past and present of one of the three giants listed on Thursday, XRP. Seeing the title of this article, what is the first thing that comes to your mind? Are you wondering why I would choose to reference such a topic? The following text will give you the answer... Basic Introduction: The Similarities and Differences Between Two Pictures, the Origin of the Position of Chancellor To provide everyone with a better understanding Introduction and Origin of BTC (Supplement) BTC is the world's first cryptocurrency, created during the financial crisis of 2008, when people lost trust in traditional financial systems. Against this background, Satoshi Nakamoto published the "Bitcoin Whitepaper" on October 31, 2008, outlining its design principles. On January 3, 2009, Satoshi Nakamoto mined the first block of Bitcoin (the genesis block), marking the official launch of the Bitcoin network. He left a message in the block: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." This is both a reference to the front page of the Times on that day and a clear expression of satire against the traditional banking system and the original intention of creating Bitcoin. In short, it means: Bitcoin was created to combat the drawbacks of the centralized financial system, aiming to create a completely new, decentralized currency. Now it has succeeded halfway. Introduction and Origin of XRP (Additional Description) The concept of XRP was initially proposed and realized by developers Jed McCaleb and Chris Larsen (the technical idea originated from the Ripplepay project created by Ryan Fugger in 2004, a decentralized currency exchange network. Born in 2012, Jed McCaleb and Chris Larsen took over and transformed this idea, creating OpenCoin (later renamed Ripple Labs), and issued 100 billion XRP tokens.). Thus, a payment tool created by the company, serving the traditional financial system, aimed to become the "highway" for global capital flow. It was born! As of now, the funds circulating on this highway amount to approximately 300 to 1 billion USD daily. During special times, major market movements, significant news, etc., it can temporarily surge to over 2 billion USD. In general, the common point between XEP and BTC is that they are both digital assets based on cryptography and distributed ledger technology, which can be transferred between users and have value storage functions. However, XRP focuses more on Or more accurately, a "distributed ledger" rather than a traditional "blockchain". It merely shares the core concept of a distributed, immutable ledger. A metaphorical way to describe it is that XRP is the chancellor, because BTC was founded during the financial crisis and is more of a safe-haven asset, digital gold. It does not rely on any central authority and pursues absolute independence and security. Moreover, the total supply is limited, and rarity is valuable. The more you mine, the less there is, and the harder it becomes to mine. XRP is more like a reform innovator. Its transaction performance is faster and mainly serves traditional financial institutions, acting as a high-speed and low-cost bridge currency for cross-border settlements between financial institutions. It optimizes the system. So I say it is a highway because, in short, XRP can cheaply and quickly transport passengers from City F to City H. It serves these cities (financial institutions) while the king is the existing global financial system, such as central banks, banks, payment companies, etc. BTC is the "revolutionary" trying to establish its own power, while XRP is the "reformist chancellor" aiming to enter the court and take power. Moreover, under the existing system, BTC is also a beneficiary. XRP is too. XRP's launch of the ETF is undoubtedly an important step in connecting traditional finance with the cryptocurrency world, increasing regulatory clarity and industry standing. Moreover, this situation could promote its technological innovation and development, as well as attention! Thus attracting more financial institutions. At the same time, it will bring XRP a broader investor base, higher liquidity, and a more solid regulatory status. With the future development of blockchain, #GT# XRP, BTC and the entire blockchain will attract much attention! #Gate广场创作点亮中秋#