This week, the cryptocurrency market continued to grow. BTC is trading at 65500.00 ( 3.5%), ETH is at 2660.00 ( 3.3%), USDT is around 1.0002 ( 0.01%), BNB is around 605.00 ( 2.9%), and SOL is at 157.40 ( 8.8%). By the end of the week, the total market capitalization decreased to 2.3T dollars, and the share of BTC was 56.18%.

The main positive factor for the sector is the beginning of the easing cycle of the US Fed’s monetary policy. For the first time since 2020, the regulator cut the interest rate by 50 basis points to 5.00%, relying on increased economic activity and a cooling labor market. In subsequent comments, officials actively hinted at the likelihood of two more reductions in the cost of borrowing before the end of the year. Experts believe that their total volume will be 50–75 basis points. Thus, in the medium term, the American currency will remain under pressure relative to alternative assets, including digital ones. In the second quarter, the national economy added 3.0%, increasing investors’ interest in risk. It is worth noting that against monetary policy adjustments, the inflow of investments into Bitcoin ETFs has increased sharply: over the past four sessions, it amounted to 612.1M dollars, and on Thursday, the figure for digital spot funds reached a high over the past two months at 365.7M dollars.

New statements by Democratic presidential candidate Kamala Harris support the sector. She supported investments in artificial intelligence and digital assets and promised to create a business environment with transparent rules and ensure the safety of investments. Earlier, Republican candidate Donald Trump promised to make BTC a national strategic reserve, as well as replace the head of the US Securities and Exchange Commission (SEC) Gary Gensler. Thus, both candidates for the post of head of the White House are trying to enlist the support of the digital industry but many experts are skeptical about these statements. Thus, Cardano founder Charles Hoskinson recently noted that, in his opinion, neither Harris nor Trump would seriously engage in digital industry development.

In other news of the week, it is worth noting that the payment giant PayPal Holdings Inc. has opened the opportunity for US corporate clients to purchase, sell, and store cryptocurrency on accounts. Management explained this decision by serious demand from business representatives. This step should provide an additional influx of investment into the sector. Meanwhile, SEC officials have postponed a decision on options trading based on BlackRock and Bitwise spot Ethereum ETFs, which was supposed to begin on the Nasdaq exchange. Recall that the regulator had previously authorized similar options trading on BlackRock spot Bitcoin ETFs but considered the new applications insufficiently substantiated.

In general, investors continue to increase activity, and next week, most of the largest digital assets may continue to grow or begin to consolidate.