Crypto Shows Mixed Reaction To Rate Cuts and Powell’s Speech
Jerome Powell gave a speech justifying the Fed’s decision to push one rate cut today. Even though a cut took place as predicted, most leading cryptoassets began falling after a momentary price boost...
Bitcoin Holds Steady as US Federal Reserve Opts for 25bps Rate Cut
The Federal Reserve announced today a cut in interest rates by 25 basis points, citing unsteady labor market conditions and increased inflation.
For the typical American, these rate cuts mean low...