The cryptocurrency Market faced a 4% decline, falling to around $3.8 trillion. Bitcoin’s price dropped 2% to about $104,600, while major altcoins like XRP, Solana (SOL), and Avalanche (AVAX) experienced losses exceeding 5%. This sell-off was triggered by the Federal Reserve’s forecast of fewer interest rate cuts in 2025, leading traders to take profits after ...
The U.S. Federal Reserve has lowered its benchmark interest rate by 25 basis points to a range of 4.25%-4.50%, marking the third rate cut this year and a total of 100 basis points since September. Despite strong economic growth and rising inflation, this decision was anticipated by the Market. The Fed’s new projections indicate that ...
The U.S. Federal Reserve has lowered its benchmark interest rate by 25 basis points, bringing it to a range of 4.25% to 4.50%. This marks the third consecutive rate cut this year, totaling 100 basis points since September. While the Market anticipated this move, recent data indicated strong economic growth and rising inflation, leading to ...
The Federal Reserve recently lowered its key interest rate by 0.25 percentage points, marking the third consecutive cut. The new target range for overnight borrowing is now between 4.25% and 4.5%. Despite this reduction, the Fed remains cautious about future cuts due to ongoing inflation and solid economic growth. Chair Jerome Powell emphasized the need ...
The crypto Market is showing caution as investors await the Federal Reserve’s rate decision. There are whispers of a possible rate cut that could encourage more risk-taking in the economy, but analysts predict a slight revision in future rate cut projections for 2025. Consequently, major cryptocurrencies like Bitcoin and Ether have dipped by nearly 2%. ...
The cryptocurrency Market is experiencing caution ahead of the Federal Reserve’s interest rate decision. Investors are speculating about a potential rate cut, which could affect risk-taking behaviors in the economy. However, the Fed may signal fewer rate cuts for 2025 than previously expected, leading to a decline in the prices of major cryptocurrencies like Bitcoin ...
Bitcoin’s price saw a dip early Wednesday, pulling back from a record high reached earlier this week. Currently, the price stands at $103,989, reflecting a 3.2% drop in the last 24 hours, as investors focus on the upcoming interest rate decision from the Federal Reserve. This decline comes after a boost for cryptocurrencies on Tuesday, ...
Bitcoin prices have dipped by 3.2%, settling at $103,989, after reaching a record high earlier this week. Investors are now focused on the upcoming interest rate decision from the Federal Reserve, which is casting a shadow over the cryptocurrency Market. Despite this pullback, there was a positive surge in cryptocurrencies on Tuesday, spurred by Ripple’s ...
The cryptocurrency Market reached a new high of $3.73 trillion, gaining $12.5 billion recently, driven mostly by Bitcoin’s surge to $108,135. Other cryptocurrencies like Ethereum, Solana, and Litecoin also saw significant increases, especially after U.S. authorities acted against a North Korean crypto laundering network, boosting demand for privacy-focused coins such as Monero. As traders prepared ...
As 2024 comes to a close, the cryptocurrency Market is experiencing excitement, particularly with Bitcoin nearing an all-time high of $108,000. Following the U.S. elections, Bitcoin enthusiasts are optimistic about President-elect Trump’s pro-crypto stance and potential policies that could further benefit the digital asset Market. Meanwhile, the Exodus Movement crypto wallet has received approval to ...
