Bitcoin's price experienced a 2.7% decline within 24 hours, settling at around $58,480. This dip comes as market participants keenly await the Federal Reserve's decision on interest rate cuts. For the first time in four years, a rate cut is expected, with a current 67% probability of a 50 basis point reduction, up from 25% a month ago.
Additionally, the Trump-associated project World Liberty Financial is planning to launch a governance token. Meanwhile, Figure Markets is preparing to unveil an exchange offering yields backed by real estate assets, showcasing ongoing innovations in the financial and cryptocurrency sectors.
