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Bitcoin and Ethereum Price Movements in September – Insights from WebAiNews

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An analysis of Bitcoin and Ethereum trends in August and September 2024. WebAiNews explores profit-taking, market dynamics, and institutional interest, providing insights into potential price movements and key influences shaping the crypto market.

United Arab Emirates, 15th Sep 2024, Grand Newswire – As September 2024 unfolds, the cryptocurrency market is undergoing significant changes. This article, based on an in-depth analysis from WebAiNews, explores Bitcoin (BTC) and Ethereum (ETH) price trends during August and September and offers insights into potential future developments.

Bitcoin: Profit-Taking and Market Dynamics

August 2024 was marked by substantial profit-taking in Bitcoin. According to WebAiNews, “traders realized $4.251 billion in gains,” which contributed to increased selling pressure on BTC. This significant profit-taking was accompanied by a decline in Bitcoin whale transactions, which fell to their lowest level in nearly four years. The WebAiNews report notes, “Transactions involving Bitcoin whales—those valued at $100,000 or more—reached their lowest level in nearly four years,” suggesting a cautious approach among major holders.

Despite these factors, Bitcoin’s on-chain metrics present a mixed picture. The analysis reveals that BTC is currently undervalued on both the 7-day and 30-day timeframes. However, historical data suggests that “September often presents challenges for Bitcoin, with a history of negative returns during this month.”

Currently, Bitcoin is trading close to $60,000. The report highlights a potential decline to around $49,000—a 15.58% drop—before a possible recovery. WebAiNews notes, “If institutional capital continues to flow into Bitcoin ETFs, it could bolster demand and help maintain prices above the $60,000 mark.” On-chain data also indicates that while profit-taking has been notable, Bitcoin whales are holding onto their assets, suggesting potential for future gains if market conditions stabilize.

Ethereum: Volatility and Market Influences

Ethereum’s performance has been similarly volatile. The report said that “Ethereum’s price surged to around $2,200 before correcting to approximately $2,000 by the end of the month.” The successful implementation of Ethereum’s network upgrade initially drove optimism, but broader macroeconomic factors, including anticipated Federal Reserve rate cuts, could significantly impact Ethereum’s performance. The report mentions, “Lower interest rates generally boost investment in risk assets, which might benefit Ethereum.”

Looking Ahead: Key Influences on Bitcoin and Ethereum

Several factors will shape the future direction of Bitcoin and Ethereum:

  • Federal Reserve Rate Cut: The anticipated rate cut by the Federal Reserve could provide a positive tailwind for both BTC and ETH. WebAiNews highlights that “historically, lower interest rates encourage investment in riskier assets, including cryptocurrencies.”
  • US Elections: With the US elections approaching, candidates’ pro-crypto positions could enhance market sentiment. The report suggests that “regulatory clarity and potential government support may drive institutional investment and positively impact prices.”
  • Institutional Interest: Rising institutional interest, potentially including government accumulation of BTC and ETH, could lead to significant market movements. WebAiNews notes, “Such developments might drive prices to new highs if institutional demand continues to grow.”
  • Technical Patterns: Despite these bullish factors, bearish technical patterns present risks. Bitcoin’s descending triangle and Ethereum’s bear flag patterns suggest potential declines. The report warns that “estimated targets for these patterns could indicate significant price drops if current trends persist.”

     

The cryptocurrency market remains highly dynamic, with Bitcoin and Ethereum navigating a complex landscape of opportunities and challenges. As detailed by WebAiNews, while institutional interest and macroeconomic factors offer potential for growth, technical patterns and historical trends warrant caution. Investors should stay informed and consider both bullish and bearish scenarios as they navigate the evolving market.

For the latest updates and expert analysis on cryptocurrency trends, continue to follow WebAiNews on https://webainews.com/

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Organization: WebAiNews

Contact Person: WebAiNews

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https://webainews.com/

Email:

info@webainews.com

Country:United Arab Emirates

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Press Release

Astana International Forum 2025 to Host Critical Dialogue on Global Issues and Priorities

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Under the auspices of the President of Kazakhstan, Kassym-Jomart Tokayev, the Astana International Forum 2025 will take place from May 29 to 30, as it continues its mission of fostering cross-border dialogues on international diplomacy and cooperation. Against a backdrop of global disruption and polarization, the Forum will bring together government leaders, business executives, and academics to explore practical solutions to the world’s most pressing challenges.

With its strategic location and growing international engagement, Kazakhstan is playing an increasingly active role in facilitating cross-border cooperation during times of geopolitical strain. A historic link between East and West, the country has long advocated for an inclusive international system and remains firmly committed to achieving this goal.

The Astana International Forum is a clear symbol of this commitment. Building on the success of the 2023 Forum – which welcomed more than 5,000 international attendees – this year’s participants will address the critical issues shaping the future of the international system, as well as emerging trends impacting key sectors.

Divided into three core themes – Foreign Policy and International Security, Energy and Climate Change, and Economy and Finance – the event’s program will feature high-level one-on-one sessions with heads of state and industry leaders, as well as larger panel discussions with renown experts and policymakers.

Reflecting the Forum’s commitment to building new partnerships and facilitating cooperation, each session will aim to generate fresh perspectives on the diplomatic, economic, and social issues that will define the next decade. Under the theme “Connecting Minds, Shaping the Future,” this year’s Forum aims to set the agenda for a new era of multilateralism and diplomacy.

Registration for the event is now open, and interested participants can sign up here: https://astanainternationalforum.org/

Astana International Forum

12 Heydar Aliyev Street

Astana, Kazakhstan

info@aif.forum

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Press Release

VIXC Launches Major Upgrades: Smarter Search, One-Click Custom Albums, and More

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Washington, DC, United States, 11th Mar 2025, VIXC, the AI-driven photo search and management platform, has unveiled a sleek new interface along with innovative features designed to simplify photo organization and discovery like never before.

With advanced one-click search, smart auto-updating albums, and effortless sharing, VIXC is transforming the way users organize their treasured memories. The latest update also debuts Apparel Search by Color, enabling users to easily find photos based on clothing hues—an innovative feature for fashion enthusiasts, retailers, and photographers.

VIXC Launches Major Upgrades: Smarter Search, One-Click Custom Albums, and More

VIXC Unveils Cutting-Edge Features for Smarter Photo Management

  • SmartFind™ – Instantly locate photos using labels, location, age group, sentiment, people, and more.
  • Apparel Search by Color – Easily find images based on clothing colors, perfect for fashion enthusiasts and professionals.
  • One-Click Custom Albums – Create personalized albums effortlessly with a single click.
  • SmartAlbum™ – Generate dynamic albums that automatically update as new matching photos are added.
  • Easy Album Downloads – Download entire albums with neatly renamed files, streamlining organization.
  • Seamless Sharing – Share albums instantly via link or email invites for a hassle-free experience.
VIXC Launches Major Upgrades: Smarter Search, One-Click Custom Albums, and More

These upgrades reinforce VIXC’s position as a top AI-driven platform, offering seamless and intelligent photo management.

“VIXC is all about making photo organization effortless,” said VIXC Chief AI Strategist Officer. “With these upgrades, users can spend less time searching and more time reliving their favorite moments. We are also incredibly grateful for our hundreds of beta customers who generously took the time to provide feedback on what works and what they’d like to see. Their insights have been invaluable, and we won’t rest until we get it right.”

About VIXC

VIXC is an AI-powered platform transforming photo search and organization. With advanced recognition technology, it simplifies the way users find, manage, and share their memories.

For more information, visit www.vixc.com

For Media Inquiries:

Robin Cooley

rcooley@vixc.com

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City: Washington

State: DC

Country:United States

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Press Release

Introducing Channels: A New Feature on Short Flixx Social Media to Enhance User Experience!

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Manheim, PA, United States, 11th Mar 2025, Short Flixx, the innovative social media app proudly born in the USA, is excited to announce the launch of our new feature called “Channels.” This exciting addition will provide users with a separate space from the main video feed to share specific content. Initially, Channels will include food recipes and a dedicated area for intriguing “Did You Know?” facts, allowing users to share videos, pictures, and text in a creative way.

Introducing Channels: A New Feature on Short Flixx Social Media to Enhance User Experience!

“We are thrilled to introduce Channels as a way to enrich the user experience on Short Flixx,” said Stephen Lowe, Founder at Short Flixx. “This feature will allow our community to explore diverse content while keeping the main feed focused on creative videos.”

As Short Flixx is proudly developed in the USA, users can have confidence in our commitment to data privacy, national security, and a stable geopolitical environment. With the unknown circumstances surrounding other social media platforms, Short Flixx is well-positioned to rise to the occasion as a vibrant alternative for users seeking a safe and engaging platform for creative expression.

Short Flixx is committed to providing a 100% safe environment for all users. Recently, we have implemented adult moderation to enhance user safety and ensure a positive experience for everyone in our community.

For inquiries, please reach out to slowe@shortflixx.com. The Short Flixx app is available for free in both the Google Play Store and Apple App Store. Download our app today and help our community grow!

https://apps.apple.com/us/developer/shortflixx-llc/id1765293295

https://play.google.com/store/apps/developer?id=SHORTY+FLIXX

About Short Flixx:
Short Flixx is a unique social media app designed for users to create, share, and enjoy short videos. With a focus on creativity, community, and safety, Short Flixx empowers individuals to express themselves through engaging content while connecting with others.

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Short Flixx

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Home Startup

Email:

slowe@shortflixx.com

Contact Number: 17175751163

City: Manheim

State: PA

Country:United States

The post Introducing Channels: A New Feature on Short Flixx Social Media to Enhance User Experience! appeared first on
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It is provided by a third-party content
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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