Fast, Focused, and On-Chain: Today’s Top Insights

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The Bitcoin price is up today, after a significant drop in the last 24 hours. The price surge comes on the back of Fed Chair Jerome Powell’s welcome remarks, in which he did not address monetary policy.

New York Fed President John Williams has shown his support for additional Fed rate cuts this year. The Fed official alluded to the weakening labor market, suggesting it should take priority over upside risks to inflation right now. The crypto market also continues to price in additional rate cuts this year, which has contributed to a recent rally that pushed Bitcoin to a new all-time high (ATH).

Solana price continues to attract renewed market interest as analysts and institutions align on a bullish long-term outlook. Market expert Ali Charts recently highlighted a major breakout structure forming on the Solana weekly chart, suggesting potential for significant upside. Meanwhile, Solana Company announced its plan to acquire a substantial portion of SOL’s supply, reinforcing long-term institutional confidence.

Pi Network price continues to crash this month and is now trading at a record low. The crash happened despite Bitcoin price hitting a record high and optimism about the Uptober rally remaining. Still, one pundit believes that multiple strategies may help to prevent a Pi Coin death spiral.