US EditionEuropean markets close lower ahead of Fed rate decision
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7 Articles
Crypto Markets Drop Ahead of Fed Decision
Cryptocurrency markets traded lower on Wednesday amid expectations of a rate cut by the Federal Reserve.Bitcoin (BTC) and Ethereum (ETH) slipped 3% and 2%, respectively, with BTC trading at $59,700 and ETH at $2,300. Polkadot (DOT) plunged 5%, while Solana (SOL) dipped 3%. The total crypto market capitalization decreased by 3.2% to $2.15 trillion in the last 24 hours.To continue reading this as well as other DeFi and Web3 news, visit us at thede…
Investors are eagerly awaiting the Fed decision scheduled for 8:00 p.m., which will almost certainly start a cycle of interest rate cuts in the US.
The Stoxx 600 index fell 0.50%, the CAC 40, from Paris, fell 0.57%, the DAX, from Frankfurt, registered a slight decrease of 0.08% and the FTSE 100, from London, lost 0.68%
Stock prices on major stock exchanges in Europe have mostly fallen today. Oil fell in price, and the euro gained. Investors are cautious ahead of today's decision by the US Federal Reserve (Fed) on a key interest rate, French news agency AFP reported.
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