US EditionAsia Morning Briefing: Fed Cut Brings Little Volatility as Bitcoin Waits for Japan
4 Articles
4 Articles
Fed Rate Cut Shifts Bitcoin and Market Dynamics
The Federal Reserve reduced interest rates by 25 basis points on Wednesday. Bitcoin, tech stocks, and gold rose, while the U.S. Continue Reading:Fed Rate Cut Shifts Bitcoin and Market Dynamics The post Fed Rate Cut Shifts Bitcoin and Market Dynamics appeared first on COINTURK NEWS.
Key points of the news: Bitcoin and Ethereum stagnated or fell slightly after the Fed’s third consecutive cut of 25 basis points. The Fed did not commit to further cuts in the new year, but will resume the purchase of short-term Treasury bonds. Uncertainty increases with the possible nomination of a new Fed president more pro-scripted and in favor of quick cuts. The Federal Reserve reduces its interest rates and immediately the market reacts. On…
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