![[Fan Xiaodong💖Tang Qiqi] Best friends both wear books and become mother-in-law and daughter-in-law. On the surface, they pretend to be affectionate and show off their acting skills, but in reality they just want to make money and run away. Unexpectedly, after their true feelings are leaked, the bosses go on a chase after their wives: Don’t run away! The money and people are yours!](/uploads/2026/06/09/cryptocurrencies-news/videos/origin_6a2834080a77a_image_500_375.webp "[Fan Xiaodong💖Tang Qiqi] Best friends both wear books and become mother-in-law and daughter-in-law. On the surface, they pretend to be affectionate and show off their acting skills, but in reality they just want to make money and run away. Unexpectedly, after their true feelings are leaked, the bosses go on a chase after their wives: Don’t run away! The money and people are yours!")
![[MULTI SUB] Watched 2 seasons in one go: The queen of the business world passed through the soul of a peasant girl and her engagement was annulled, she led the whole family to start a candy business and became the richest man in the counterattack, and she made a huge amount of money by slapping the best relatives in the face.](/uploads/2026/06/09/cryptocurrencies-news/videos/origin_6a282d86c00a4_image_500_375.webp "[MULTI SUB] Watched 2 seasons in one go: The queen of the business world passed through the soul of a peasant girl and her engagement was annulled, she led the whole family to start a candy business and became the richest man in the counterattack, and she made a huge amount of money by slapping the best relatives in the face.")
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This article originally appeared in First Mover, CoinDesk's daily newsletter, putting the latest moves in crypto markets in context.
Bitcoin rose above $62,000 on Thursday after the U.S. Federal Reserve cut interest rates by 50 basis points, a move that had a mixed impact on asset classes and left traders warning the crypto rally could be short lived.
Bitcoin added around 4.35% in the last 24 hours, trading at $62,521.19 at the time of writing. The digital asset market at large rose over 5%, as measured by the CoinDesk 20 Index (CD20). Leading altcoins ETH and SOL led the gains, up 5.8% and 7.4%, respectively.
The U.S. central bank cut interest rates for the first time since March 2020, in a bid to stimulate the slowing economy. The rate cut appeared to have the desired effect on crypto markets, with bitcoin rising steadily throughout the day.
However, traders warned the rally could be short lived, given the larger economic picture of slowing growth and geopolitical uncertainty.
Presto Research noted the mixed reaction across asset classes to the rate cut, which demonstrates that “growth concerns clearly exist.” Arthur Hayes, CIO of Maelstrom, argued that rate cuts will fuel inflation, which could see markets falter and then “they're just going to do more of it and they’re going to make the problem even worse.”
Crypto Finance, a fully owned subsidiary of Germany's largest stock exchange operator, signed a deal with Commerzbank to offer trading services to the lender's corporate clients.
The move comes just two weeks after Crypto Finance struck a similar agreement with Zürcher Kantonalbank in Switzerland. The trading service offered by the Deutsche Boerse unit will be available to clients based in Germany and will initially focus on trading in the two largest cryptocurrencies, bitcoin and ether.
Commerzbank obtained a crypto custody license in Germany in November 2023, allowing the financial services firm to offer a wide range of services related to digital assets. The bank also plans to apply for a license to trade cryptocurrencies in 2024.
Latest Prices
CoinDesk 20 Index: 1,925.79 +5.55%
Bitcoin (BTC): $62,521.19 +4.22%
Ether (ETH): $2,428.37 +5.2%
S&P 500: 5,618.26 -0.29%
Gold: $2,585.66 +1.03%
Nikkei 225: 37,155.33 +2.13%
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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