Analysts say the crypto market has already priced in Wednesday's interest rate cut, but the Federal Reserve remains divided on an additional cut in December.
Story Tags
Cointelegraph
Latest news and analysis from Cointelegraph
Related Articles
Fed Rate Cut Bets Plummet: Traders Brace for Uncertain December
BitcoinWorld Fed Rate Cut Bets Plummet: Traders Brace for Uncertain December The cryptocurrency world, often influenced by broader economic currents, is buzzing with a significant shift in market sent...
1 min
Bitcoin Dips After Powell Says a December Cut ‘Is Not a Foregone Conclusion’
The cryptocurrency briefly fell below $110K even after the U.S. Federal Reserve lowered its policy rate for the second time this year. Powell’s Hawkish Stance Sends Bitcoin Lower A second rate cut thi...
1 min
Over $700M in Liquidations as BTC and ETH Sink After Fed Rate Cut
The US Federal Reserve did what many anticipated and lowered the key interest rates by 25 bps earlier today. Although such a move is typically regarded as bullish for risk-on assets like crypto, the r...
1 min