US Fed Cuts Rates – Here’s How Bitcoin and Altcoins Reacted
Contrary to broader expectations that cryptocurrencies would rally in the event of a rate cut by the Federal Reserve, the market has witnessed almost no reaction since the Federal Open Market Committee (FOMC) meeting ended.
Analysts at the market research firm Santiment already predicted that a rate cut larger than 25 basis points (bps) could trigger a big breakout. On the other hand, a non-rate cut outcome was expected to lead to a chaotic pullback. Neither scenario has played out, but analysts believe it is still too early to draw conclusions.
Читать больше
Bitcoin Network Hits Record Activity High: What Does it Mean for BTC’s Price?
US Fed Cuts Rates – Here’s How Bitcoin and Altcoins Reacted
Contrary to broader expectations that cryptocurrencies would rally in the event of a rate cut by the Federal Reserve, the market has witnessed almost no reaction since the Federal Open Market Committee (FOMC) meeting ended.
Analysts at the market research firm Santiment already predicted that a rate cut larger than 25 basis points (bps) could trigger a big breakout. On the other hand, a non-rate cut outcome was expected to lead to a chaotic pullback. Neither scenario has played out, but analysts believe it is still too early to draw conclusions.
Читать больше