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Bitcoin, Ethereum, XRP, Dogecoin Plummet Despite Anticipated 25 Basis Point Rate Cut

  • Bitcoin, Ethereum, XRP, and Dogecoin have dropped significantly in value despite the expected 25 basis point rate cut by the Fed.
  • The Fed has lowered interest rates by a quarter point in its final decision for 2024.
  • The rate cut was anticipated but did not prevent the plummet of these cryptocurrencies.
  • The overall decline occurred even with the announcement of the rate cut.
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  • 67% of the sources are Center
67% Center
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