Crypto Industry Heats Up After The Fed's Announcement, USDT Prices Also Rising?

 After the Fed announced interest rate cuts, the cryptocurrency industry heated up. Many tokens have experienced price increases. So, what about the USDT price? Has the USDT token pair also experienced positive price changes? The following is the explanation.

Impact of the Fed's Interest Rate Cut Announcement

The Fed has announced a 50bps cut in interest rates. This condition has heated up various investment assets, including the crypto industry. The majority of crypto tokens have even gone “green”. This condition is of course encouraging for crypto token holders.

Bitcoin recorded its price at $63,532 with an increase of 1.8% in 24 hours. Then there is Ethereum which has recently experienced a decline and even received a bad reaction from its holders because the price continues to fall. But now, ETH is up 4.65% and has a price of $2,545.

However, it turns out that the condition of positive price changes after the announcement of the interest rate cut does not apply to USDT. USDT Price fell by 0.01%. 

Tether USDT Dominates the Stablecoin Market

In the stablecoin market, Tether USDT continues to strengthen its teeth. TON's USDT Tether dominates and records itself with an increase of up to 75%, from the previous 55%. Its market capitalization even exceeds $118 billion. This figure is proof of the significant increase in Tether USDT in the last 2 years. 

There are several reasons why Tether USDT has had such a significant increase now, namely:

1. Tether USDT has a strong network with better liquidity than other stablecoins so users have more trust2. Users shift away from USDC due to the collapse of Silicon Valley Bank 3. Tether also has an allocation of US government bonds, thus providing income of up to hundreds of millions for Tether itself.

Conclusion

That is information regarding the current condition of the crypto industry after the announcement of the Fed's interest rate cut. Even though Tether's USDT price tends to fall compared to other crypto tokens which rise, this can be a moment to buy USDT as an investment strategy.

However, investing in crypto assets must be accompanied by in-depth research. Carry out technical and fundamental analysis to find out what the condition of the token will be now and in the future.

You can learn how to buy USDT, check prices USDT to USD, to find out the price in real-time on Bitrue. Take advantage of Bitrue's various features to conduct independent research so that you are more confident in investing in digital assets.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

 

The most recent viral and trending headlines from the Philippines in September 2024

Wazzup Pilipinas!?

Here are some of the most recent viral and trending headlines from the Philippines in September 2024:

House Approves 2025 Budget – The Philippine House of Representatives recently passed the proposed national budget for 2025, moving the budget process forward as the Senate prepares for discussions.

Allegations Against Former DepEd Official – A former Department of Education (DepEd) official claimed receiving monthly "envelopes" from Vice President Sara Duterte, who firmly denied the accusations, sparking discussions in the political scene​.

PBA Player John Amores Wanted for Shooting Incident – Professional basketball player John Amores is currently being sought by authorities in connection to a shooting case, drawing widespread attention in the sports world​.

AFP Chief Calls for Permanent US Missiles in the Philippines – The head of the Armed Forces of the Philippines expressed his desire for U.S. missile systems to remain in the country indefinitely, stirring debates on national security and foreign policy​.

Viral Fire Extinguisher Prototype Using Sound Waves – A group of students from Mindanao developed a prototype fire extinguisher that uses sound waves to combat flames, capturing public interest for its innovative approach.

Martin Nievera’s Singing Talent Discovered in the Shower – In a lighthearted moment, singer Martin Nievera shared how his talent was discovered while he was in the shower, amusing fans as he celebrates over 40 years in the music industry​.

Large Crocodile Escapes in Palawan – A village in Balabac, Palawan was alarmed when a captured crocodile managed to escape, causing a stir among residents and authorities​.

Arnel Pineda Apologizes for Underwhelming Performance in Brazil – Filipino rock singer Arnel Pineda, the frontman of Journey, issued an apology following a lackluster performance at the Rock in Rio Music Festival, igniting conversations about his future with the band​.

Senator Escudero Retains Senate Leadership – Despite political shifts and rumors of reorganization, Senator Francis "Chiz" Escudero remains Senate President as Congress heads into its October recess.

AFP's Strategic Move with US Missiles – The Armed Forces of the Philippines (AFP) Chief has expressed a desire for U.S. missiles to remain stationed in the Philippines permanently, signaling a deepening of military cooperation between the two nations amidst regional tensions.

These updates highlight ongoing legislative activity, leadership stances, and regional security concerns, reflecting the dynamic political landscape of the Philippines.

They reflect a mix of political intrigue, entertainment, and unique innovations that are currently grabbing attention in the Philippines.

Strengthening Cyber Defense Capabilities Amid Emerging Threats

Wazzup Pilipinas!?

The rapid advancement of new technologies has enabled, and continues to enable, economic growth in the Indo-Pacific. It has facilitated inter-regional connectivity, enabled the streamlining of government services, and empowered businesses to thrive in a more competitive environment. These opportunities ultimately ideated and shaped one of the significant national objectives shared by states—digital transformation. 

However, the emergence of new technologies has also brought on cybersecurity risks not only on an individual level, but also to the wider economic and national security. Geopolitical developments and malign interests have pushed actors to employ both military and nonmilitary instruments to advance their respective goals.

Cyber espionage, cyber warfare, and the use of the artificial intelligence-enabled disinformation campaigns are utilized to undermine international law.

In the case of the Philippines, the past eight months of 2024 has seen increased cyber-attacks to various critical assets such as illegal access to government websites and data breaches to major businesses. Likewise, there have been multiple cases highlighting the proliferation of fraudulent activities such as swindling, hacking and identity theft which cause irreparable harm to victims.

Given the interconnectedness of today’s multipolar world, it is critical to conduct a cyber threat assessment landscape and employ strategies to ensure the security of the cyber domain. Doing so entails integrating cyber security in the operations of both the public and private sector and leveraging cyber diplomacy by working with like-minded partners.

In line with this, the Stratbase ADR Institute in partnership with the APAC EXPO Pte Ltd. is organizing a two-day conference entitled “Strengthening Cyber Defense Capabilities Amid Emerging Threats”. This will be held alongside the Asian Defense and Security (ADAS) Exhibition on September 26 and 27, 2024 (Thursday and Friday) from 9:00 AM to 3:00 PM (PHT) at the World Trade Center, Sen. Gil Puyat Avenue corner Diosdado 

Macapagal Boulevard, Pasay City.

The event seeks to bring together key stakeholders in the government, diplomatic community, academe, regional experts, and industry practitioners to discuss the evolution of the cyber threat landscape, generate insights and recommendations on building effective cyber defense strategies, and explore the integration of cybersecurity and national security.

Strengthening Cyber Defense Capabilities Amid Emerging Threats

September 26 and 27, 2024 (Thursday and Friday) | 9:00 AM to 3:00 PM (PHT) 

World Trade Center, Sen. Gil Puyat Avenue corner Diosdado Macapagal Boulevard, Pasay City