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FOMC Begins, Crypto Bullish Despite Interest Rates Expected to Stay
The Federal Open Market Committee (FOMC) meeting starts today, June 17, with US interest rates expected to remain unchanged. However, interestingly, the crypto market is showing bullish sentiment; Bitcoin is up and the global market capitalization has reached US$3.2 Trillion.
This phenomenon indicates that traders are currently prioritizing market momentum and the internal fundamentals of crypto assets, over direct monetary policy signals from The Fed.
Disclaimer: This is not financial advice (NFA). Do your own research (DYOR).
#FOMC #thefed $BTC
The Federal Open Market Committee (FOMC) meeting starts today, June 17, with US interest rates expected to remain unchanged. However, interestingly, the crypto market is showing bullish sentiment; Bitcoin is up and the global market capitalization has reached US$3.2 Trillion.
This phenomenon indicates that traders are currently prioritizing market momentum and the internal fundamentals of crypto assets, over direct monetary policy signals from The Fed.
Disclaimer: This is not financial advice (NFA). Do your own research (DYOR).
#FOMC #thefed $BTC
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One thing we must truly understand is that once the trend of Bitcoin price movement begins, a profit of just 1000 points is clearly not something that satisfies us. Here, we have summarized the price movements of Bitcoin after 2023, and it can be seen that from 2023 until now, Bitcoin has actually experienced 4 fairly clear and lengthy phases of consolidation.
Namely:
January 2023 – October 2023 in the range of 17,000 – 30,000
October 2023 – March 2024 in the range of 30,000 – 70,000
July 2024 – December 2024 in the range of 50,000 – 100,000
And April 2025 until now in the range of 80,000 – 110,000
From the data, we can see a certain pattern in the price movement of Bitcoin. The pattern is that each time there is a price movement, its duration usually lasts between 5 to 10 months. And each time the price successfully breaks through the previous consolidation zone, the range of movement in the new zone will also widen. For example, the first consolidation zone is around 13,000 points, the second zone is around 18,000 points, and the third zone reaches around 50,000 points.
However, regardless of which zone, each movement still provides profit opportunities far exceeding 10,000 points. In fact, I have previously emphasized the comparison between gold and Bitcoin several times, and if viewed from the perspective of relative upside potential, then the upward movement of Bitcoin in this cycle could exceed 130,000 points.
So now, because the price movement of Bitcoin is truly in line with our predictions, I am confident that if we start to formulate medium to long-term strategies at this point, the minimum profit potential we can achieve could reach more than 30,000 points
$BTC $ETH
#BTC #thefed #crypto
Namely:
January 2023 – October 2023 in the range of 17,000 – 30,000
October 2023 – March 2024 in the range of 30,000 – 70,000
July 2024 – December 2024 in the range of 50,000 – 100,000
And April 2025 until now in the range of 80,000 – 110,000
From the data, we can see a certain pattern in the price movement of Bitcoin. The pattern is that each time there is a price movement, its duration usually lasts between 5 to 10 months. And each time the price successfully breaks through the previous consolidation zone, the range of movement in the new zone will also widen. For example, the first consolidation zone is around 13,000 points, the second zone is around 18,000 points, and the third zone reaches around 50,000 points.
However, regardless of which zone, each movement still provides profit opportunities far exceeding 10,000 points. In fact, I have previously emphasized the comparison between gold and Bitcoin several times, and if viewed from the perspective of relative upside potential, then the upward movement of Bitcoin in this cycle could exceed 130,000 points.
So now, because the price movement of Bitcoin is truly in line with our predictions, I am confident that if we start to formulate medium to long-term strategies at this point, the minimum profit potential we can achieve could reach more than 30,000 points
$BTC $ETH
#BTC #thefed #crypto
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Is The Fed Going to Cut Interest Rates?
Currently, the hottest news about The Fed is the possibility that they will cut interest rates. After consistently raising rates to combat inflation (high prices), it seems inflation has started to tame. So, there is a chance The Fed will slowly lower rates.
These signals can be gleaned from the statements of The Fed's officials, the latest inflation reports, or data about employment in America. If they really give the green light to cut rates, this could be a good sign for the financial market.
These signals can be gleaned from the statements of The Fed's officials, the latest inflation reports, or data about employment in America. If they really give the green light to cut rates, this could be a good sign for the financial market.
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What Is The Fed?
The Fed is short for the Federal Reserve System, which is the central bank of the United States. Before The Fed was established, the United States often faced financial crises due to a lack of oversight of the banking system. To address this issue, the government created the Federal Reserve System through the Federal Reserve Act in 1913.
The Fed is designed as an independent institution, meaning its operations are not directly controlled by the government or the president. Decisions made by The Fed are based on economic data and aim to maintain long-term stability.
The Fed has the primary responsibility to maintain the economic stability of the country through the regulation of monetary policy, banking supervision, and the maintenance of a safe and efficient financial system.
As one of the most influential financial institutions in the world, The Fed's decisions are often under global scrutiny as they can affect exchange rates, interest rates, and asset markets such as stocks and cryptocurrencies.
$BTC
$USDC
#thefed
#Bitcoin❗
The Fed is short for the Federal Reserve System, which is the central bank of the United States. Before The Fed was established, the United States often faced financial crises due to a lack of oversight of the banking system. To address this issue, the government created the Federal Reserve System through the Federal Reserve Act in 1913.
The Fed is designed as an independent institution, meaning its operations are not directly controlled by the government or the president. Decisions made by The Fed are based on economic data and aim to maintain long-term stability.
The Fed has the primary responsibility to maintain the economic stability of the country through the regulation of monetary policy, banking supervision, and the maintenance of a safe and efficient financial system.
As one of the most influential financial institutions in the world, The Fed's decisions are often under global scrutiny as they can affect exchange rates, interest rates, and asset markets such as stocks and cryptocurrencies.
$BTC
$USDC
#thefed
#Bitcoin❗
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💡 Fed Governor Michelle Bowman: Inflation is a Top Priority!
Federal Reserve Governor Michelle Bowman recently reiterated that inflation is a key focus of US monetary policy. She cautioned that while interest rates may need to be lowered, the process should be careful and gradual. Lowering them too quickly could trigger inflation to spike again. 📉💰
Bowman highlighted that the inflation rate is still above the 2% target, indicating that despite the decline, the threat of inflation remains. This adds to the challenge for the Fed in finding a balance between economic stability and controlling inflation. 🏦
Negative Comments:
❌ "The Fed's cautious approach is actually slowing economic growth and could exacerbate market uncertainty, including crypto."
❌ "Continuous interest rate hikes and tight inflation controls could make investors hesitant, especially in riskier assets like crypto."
❌ "Monetary policy that is too conservative could actually lead to stagnation in financial markets and slow crypto adoption."
💬 What do you think about the Fed's policy?
➡️ Will this cautious approach manage inflation without hurting the crypto market?
➡️ Or do you see this as a drag on the growth of the digital economy?
#TheFed #InflationPolicy #FederalReserve
$BTC
$ETH
$XRP
Federal Reserve Governor Michelle Bowman recently reiterated that inflation is a key focus of US monetary policy. She cautioned that while interest rates may need to be lowered, the process should be careful and gradual. Lowering them too quickly could trigger inflation to spike again. 📉💰
Bowman highlighted that the inflation rate is still above the 2% target, indicating that despite the decline, the threat of inflation remains. This adds to the challenge for the Fed in finding a balance between economic stability and controlling inflation. 🏦
Negative Comments:
❌ "The Fed's cautious approach is actually slowing economic growth and could exacerbate market uncertainty, including crypto."
❌ "Continuous interest rate hikes and tight inflation controls could make investors hesitant, especially in riskier assets like crypto."
❌ "Monetary policy that is too conservative could actually lead to stagnation in financial markets and slow crypto adoption."
💬 What do you think about the Fed's policy?
➡️ Will this cautious approach manage inflation without hurting the crypto market?
➡️ Or do you see this as a drag on the growth of the digital economy?
#TheFed #InflationPolicy #FederalReserve
$BTC
$ETH
$XRP
Federal Reserve Chairman Jerome Powell recently announced that US interest rates will remain unchanged. This decision has the potential to impact the price of Bitcoin and the crypto market as a whole.
The crypto market is on a roll with little sign of recovery. With Powell stating that he is not hinting at a rate cut, the crypto market could potentially see further gains.
However, it is important to remember that an asset’s performance does not dictate future performance projections. Crypto trading is highly risky and volatile, so it is important to do your own research (DYOR) and using cold money before investing.
Currently, the price of Bitcoin is trading around $86,117.01, up 3.17% in the last 24 hours. Meanwhile, the overall crypto market cap has seen a significant increase in the past 1 day.
#BTC #bitcoin #thefed
The crypto market is on a roll with little sign of recovery. With Powell stating that he is not hinting at a rate cut, the crypto market could potentially see further gains.
However, it is important to remember that an asset’s performance does not dictate future performance projections. Crypto trading is highly risky and volatile, so it is important to do your own research (DYOR) and using cold money before investing.
Currently, the price of Bitcoin is trading around $86,117.01, up 3.17% in the last 24 hours. Meanwhile, the overall crypto market cap has seen a significant increase in the past 1 day.
#BTC #bitcoin #thefed
🇬🇧 BANK OF ENGLAND CUTS RATE TO 4.25% — IS THE FED NEXT?! 🔥📉
London calling with big news! The Bank of England has just slashed its interest rate to 4.25%, signaling a major shift in global monetary policy! 💷🔽
What Just Happened?
BoE drops rates for the first time in a long time 🏦✂️
Aimed at boosting growth & easing pressure on borrowers 💸📉
Signals a cooling inflation trend in the UK ❄️📊
Why It Matters Globally
Central banks watch each other closely 👀🌍
The Federal Reserve (U.S.) may be next in line for a rate cut 🔜🇺🇸
Lower rates = cheaper money, more investing, and potentially a pump for crypto and stocks 🚀📈
Market Reaction
UK Stocks: Up! 📈
Crypto: Getting spicy again — BTC & ETH bouncing 🪙⚡
Dollar vs Pound: Shifting tides in forex 🌊💱
Everyone’s Asking:
Will the Fed follow suit? 🇺🇸🧐
Could we see U.S. rates drop below 5% soon? ⏳
Is the easing cycle beginning worldwide? 🔁
Bottom line: The Bank of England made the first move — now all eyes are on Powell and the Fed.
#BankOfEngland #InterestRates #TheFed #CryptoPump #Bitcoin
$BNB $SOL $TRUMP
London calling with big news! The Bank of England has just slashed its interest rate to 4.25%, signaling a major shift in global monetary policy! 💷🔽
What Just Happened?
BoE drops rates for the first time in a long time 🏦✂️
Aimed at boosting growth & easing pressure on borrowers 💸📉
Signals a cooling inflation trend in the UK ❄️📊
Why It Matters Globally
Central banks watch each other closely 👀🌍
The Federal Reserve (U.S.) may be next in line for a rate cut 🔜🇺🇸
Lower rates = cheaper money, more investing, and potentially a pump for crypto and stocks 🚀📈
Market Reaction
UK Stocks: Up! 📈
Crypto: Getting spicy again — BTC & ETH bouncing 🪙⚡
Dollar vs Pound: Shifting tides in forex 🌊💱
Everyone’s Asking:
Will the Fed follow suit? 🇺🇸🧐
Could we see U.S. rates drop below 5% soon? ⏳
Is the easing cycle beginning worldwide? 🔁
Bottom line: The Bank of England made the first move — now all eyes are on Powell and the Fed.
#BankOfEngland #InterestRates #TheFed #CryptoPump #Bitcoin
$BNB $SOL $TRUMP
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Bitcoin & Ethereum Strong Rebound, Altcoins Move Varied
May 8, 2025
After being caught in a correction last week, the crypto market shows signs of recovery. Bitcoin (BTC) successfully broke through the psychological level of $65,000, while Ethereum (ETH) also surged above $3,200. This rise was welcomed enthusiastically by market participants who are becoming optimistic about the direction of monetary policy and institutional fund flows into digital assets.
What is Driving the Crypto Rebound Today?
Hope for Fed Interest Rate Easing
Speculation that the U.S. central bank will begin to lower interest rates by the end of 2025 has investors returning to hunt for risk assets like crypto.
After being caught in a correction last week, the crypto market shows signs of recovery. Bitcoin (BTC) successfully broke through the psychological level of $65,000, while Ethereum (ETH) also surged above $3,200. This rise was welcomed enthusiastically by market participants who are becoming optimistic about the direction of monetary policy and institutional fund flows into digital assets.
What is Driving the Crypto Rebound Today?
Hope for Fed Interest Rate Easing
Speculation that the U.S. central bank will begin to lower interest rates by the end of 2025 has investors returning to hunt for risk assets like crypto.
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Crypto Market Suffers $3.35T Loss After Fed Announcement
The crypto market just experienced a massive crash, with total losses reaching $3.35 trillion! 😱 Following the Fed’s hawkish announcement, Bitcoin (BTC) dropped below $100,000, even dropping to $97K, while Ethereum (ETH) also plunged to around $3,300 🔻.
This massive sell-off occurred because the FOMC announcement caused panic among investors. Many investors were also said to be bearish, which added to the selling pressure in the market 🔄. Bitcoin’s dominance has now increased to 57.4%, indicating that altcoins are not having a good season right now 🌪️. The Fear and Greed Index has also dropped to 62, indicating bearish sentiment is dominating the market right now.
The impact of the Fed’s announcement has not only moved the crypto market, but also affected other risk assets, with the Nasdaq and S&P 500 also experiencing sharp declines 📉. Many are hoping the market will bounce back, but right now, bearish sentiment is still strong among traders and investors.
Let's see what happens next in the crypto world! 👀
#BTC #bitcoin #CryptoExplorerFiesta #thefed
The crypto market just experienced a massive crash, with total losses reaching $3.35 trillion! 😱 Following the Fed’s hawkish announcement, Bitcoin (BTC) dropped below $100,000, even dropping to $97K, while Ethereum (ETH) also plunged to around $3,300 🔻.
This massive sell-off occurred because the FOMC announcement caused panic among investors. Many investors were also said to be bearish, which added to the selling pressure in the market 🔄. Bitcoin’s dominance has now increased to 57.4%, indicating that altcoins are not having a good season right now 🌪️. The Fear and Greed Index has also dropped to 62, indicating bearish sentiment is dominating the market right now.
The impact of the Fed’s announcement has not only moved the crypto market, but also affected other risk assets, with the Nasdaq and S&P 500 also experiencing sharp declines 📉. Many are hoping the market will bounce back, but right now, bearish sentiment is still strong among traders and investors.
Let's see what happens next in the crypto world! 👀
#BTC #bitcoin #CryptoExplorerFiesta #thefed
🚨 $XRP BOMBSHELL: BLACKROCK’S MOVE COULD REDEFINE CRYPTO! IS THIS THE GAME-CHANGER? 🚨
The crypto community is in an uproar, and $XRP finds itself at the heart of this storm. BlackRock, the financial titan, just made a jaw-dropping move, and the ripple effects (pun intended) could reshape the entire industry. Here’s the breakdown:
1️⃣ BLACKROCK’S MONUMENTAL ANNOUNCEMENT
BlackRock, the world's largest asset manager, has unveiled a strategic move that might directly influence XRP and the broader crypto landscape. Known for its ties with The Federal Reserve, BlackRock’s actions are never small—this could be monumental for the crypto space.
2️⃣ WHY THIS MATTERS FOR XRP
Market Confidence: BlackRock’s entry could boost trust and credibility in XRP’s ecosystem.
Institutional Attention: If BlackRock integrates XRP into its strategies, we might witness a surge in institutional investments.
Price Momentum: Is this the spark XRP needs for a massive price rally? It’s looking more likely than ever.
3️⃣ THE FED CONNECTION
BlackRock’s alignment with The Fed adds another layer to the intrigue:
Could this be a sign of deeper crypto integration into traditional finance?
Is XRP carving out its place as a key player in this shifting financial landscape?
YOUR NEXT MOVE
Stay Updated: Keep a close eye on developments involving BlackRock, XRP, and The Fed.
Reevaluate Investments: For XRP holders, this could be a turning point to reassess your strategy.
Brace for Volatility: With great opportunity comes great market movement—be ready to act wisely.
💥 FINAL TAKE
XRP has always been a trailblazer in the crypto space, and this latest development could mark a pivotal moment. BlackRock’s involvement might be the catalyst for XRP to skyrocket into uncharted territory, but the full implications are yet to unfold.
Let’s hear your thoughts! Is this the boost XRP needs, or are we looking at just another hype cycle? Drop your opinions below!
#XRP #CryptoBuzz #CryptoAdoption #TheFed #CryptoGameChanger
The crypto community is in an uproar, and $XRP finds itself at the heart of this storm. BlackRock, the financial titan, just made a jaw-dropping move, and the ripple effects (pun intended) could reshape the entire industry. Here’s the breakdown:
1️⃣ BLACKROCK’S MONUMENTAL ANNOUNCEMENT
BlackRock, the world's largest asset manager, has unveiled a strategic move that might directly influence XRP and the broader crypto landscape. Known for its ties with The Federal Reserve, BlackRock’s actions are never small—this could be monumental for the crypto space.
2️⃣ WHY THIS MATTERS FOR XRP
Market Confidence: BlackRock’s entry could boost trust and credibility in XRP’s ecosystem.
Institutional Attention: If BlackRock integrates XRP into its strategies, we might witness a surge in institutional investments.
Price Momentum: Is this the spark XRP needs for a massive price rally? It’s looking more likely than ever.
3️⃣ THE FED CONNECTION
BlackRock’s alignment with The Fed adds another layer to the intrigue:
Could this be a sign of deeper crypto integration into traditional finance?
Is XRP carving out its place as a key player in this shifting financial landscape?
YOUR NEXT MOVE
Stay Updated: Keep a close eye on developments involving BlackRock, XRP, and The Fed.
Reevaluate Investments: For XRP holders, this could be a turning point to reassess your strategy.
Brace for Volatility: With great opportunity comes great market movement—be ready to act wisely.
💥 FINAL TAKE
XRP has always been a trailblazer in the crypto space, and this latest development could mark a pivotal moment. BlackRock’s involvement might be the catalyst for XRP to skyrocket into uncharted territory, but the full implications are yet to unfold.
Let’s hear your thoughts! Is this the boost XRP needs, or are we looking at just another hype cycle? Drop your opinions below!
#XRP #CryptoBuzz #CryptoAdoption #TheFed #CryptoGameChanger
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Analyst: 5 Impacts of US Interest Rate Cuts on the Crypto Market
<t-32/>#thefed $BTC #RateCutExpectations
The United States' economic policies have a significant impact on various sectors of the global economy, including the crypto market. One policy that is often watched by investors is the Federal Reserve's (The Fed) decision on interest rates, including what is often referred to as a "rate cut." A red cut, or a reduction in the benchmark interest rate by the Fed, can affect the crypto market in different ways. Here are some of the main impacts that are often observed:
The United States' economic policies have a significant impact on various sectors of the global economy, including the crypto market. One policy that is often watched by investors is the Federal Reserve's (The Fed) decision on interest rates, including what is often referred to as a "rate cut." A red cut, or a reduction in the benchmark interest rate by the Fed, can affect the crypto market in different ways. Here are some of the main impacts that are often observed:
Breaking #BTC
Jerome Powell says “The time has come for policy to adjust.”
When is the right time to get back into crypto?
From my predictions, now is the right time to enter, we can see. Maybe the BTC price will touch above 65K in October, with the encouragement of news that is starting to become friendly.
What is certain is that if the Fed cuts interest rates, the prediction is most likely 0.75%.
$BTC
Try to imagine what BTC will probably touch. After cutting interest rates, will there be a correction first? Hopefully we can all get a great opportunity this time, I hope this information can be a consideration for you when investing. Always remember dyor
#news_update #thefed #Binance #Write2Earn!
Jerome Powell says “The time has come for policy to adjust.”
When is the right time to get back into crypto?
From my predictions, now is the right time to enter, we can see. Maybe the BTC price will touch above 65K in October, with the encouragement of news that is starting to become friendly.
What is certain is that if the Fed cuts interest rates, the prediction is most likely 0.75%.
$BTC
Try to imagine what BTC will probably touch. After cutting interest rates, will there be a correction first? Hopefully we can all get a great opportunity this time, I hope this information can be a consideration for you when investing. Always remember dyor
#news_update #thefed #Binance #Write2Earn!
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Confirms No Digital Dollar Release During His Term
Federal Reserve (The Fed) Chairman Jerome Powell has firmly stated that the United States will not introduce a digital dollar aka Central Bank Digital Currency (CBDC) during his term. This statement marks a significant change from previous considerations, where the Fed had explored the potential for a digital dollar.
This assertion was conveyed during a Senate Banking Committee hearing on Tuesday (11/02), where he responded to a direct question from Senator Bernie Moreno. Powell answered "Yes" when Moreno asked about his commitment not to issue a CBDC during his term.
CBDC critics, such as Nicholas Anthony of the Cato Institute, praised Powell's commitment, citing potential risks to financial freedom, privacy, and market stability.
Unlike decentralized crypto digital assets such as Bitcoin (BTC), CBDCs will be issued and regulated by the government, which has the potential to raise concerns about oversight. Powell's statement comes as several countries are actively experimenting with their own digital currencies.
This US policy highlights a contrast with global trends, especially under President Trump's administration, which has prohibited the Fed from trying to promote or issue CBDCs. Powell stressed the need for congressional approval to issue a CBDC.
#TokenReserve #thefed
Federal Reserve (The Fed) Chairman Jerome Powell has firmly stated that the United States will not introduce a digital dollar aka Central Bank Digital Currency (CBDC) during his term. This statement marks a significant change from previous considerations, where the Fed had explored the potential for a digital dollar.
This assertion was conveyed during a Senate Banking Committee hearing on Tuesday (11/02), where he responded to a direct question from Senator Bernie Moreno. Powell answered "Yes" when Moreno asked about his commitment not to issue a CBDC during his term.
CBDC critics, such as Nicholas Anthony of the Cato Institute, praised Powell's commitment, citing potential risks to financial freedom, privacy, and market stability.
Unlike decentralized crypto digital assets such as Bitcoin (BTC), CBDCs will be issued and regulated by the government, which has the potential to raise concerns about oversight. Powell's statement comes as several countries are actively experimenting with their own digital currencies.
This US policy highlights a contrast with global trends, especially under President Trump's administration, which has prohibited the Fed from trying to promote or issue CBDCs. Powell stressed the need for congressional approval to issue a CBDC.
#TokenReserve #thefed
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$BTC
$ETH
$SOL
UNRATE in their expectation could rise to 4.4%.
This means it is close to the NAIRU limit of 4.5%.
Then, they changed the target rate by the end of 2024 to the range of 4.4%.
That means there will be 2 more rate cuts, and it looks like each one is at 25bps.
From here it seems that they are quite concerned about the potential for an economic recession and are accelerating the rate cut process so that liquidity can immediately enter the market before an economic recession occurs.
#JeromePowell
#thefed
#TipsTradingFutures
$ETH
$SOL
UNRATE in their expectation could rise to 4.4%.
This means it is close to the NAIRU limit of 4.5%.
Then, they changed the target rate by the end of 2024 to the range of 4.4%.
That means there will be 2 more rate cuts, and it looks like each one is at 25bps.
From here it seems that they are quite concerned about the potential for an economic recession and are accelerating the rate cut process so that liquidity can immediately enter the market before an economic recession occurs.
#JeromePowell
#thefed
#TipsTradingFutures
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30 - JANUARY - 2025
02:00 AM WIB
*Statement #FOMC
*Level Decision #Inflasi
*FOMC Press Conference
#fed #thefed #JeromePowell
02:00 AM WIB
*Statement #FOMC
*Level Decision #Inflasi
*FOMC Press Conference
#fed #thefed #JeromePowell
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🚨 Crypto Market Drops After Fed Cuts Interest Rates! 🚨
The latest news comes from the Federal Reserve (The Fed) which has just lowered its benchmark interest rate by 25 basis points (bps) for the third time. However, this decision has had a negative impact on the crypto market. 🔻
📉 Latest Data:
The overall crypto market is down 5% in the last 24 hours.
Bitcoin (BTC) is down 4%.
Ethereum (ETH) and Solana (SOL) are down 5% and 6%, respectively.
$XRP experienced a sharp decline of 10%.
Dogecoin (DOGE) is down 9% to US$0.363, near its lowest level.
$DOGE
What happened?
The Fed's decision certainly adds to the uncertainty in the market, and many investors are starting to worry about the stability of crypto in the short term.
💬 What Do You Think?
Will this decline continue, or will the crypto market rebound soon? Do you believe in the stability of crypto or are you worried about market fluctuations?
👇 Write your thoughts in the comments column! Don't forget to share and follow to stay updated with the latest information about the crypto world!
#CryptoMarket #TheFed #InterestRate #Cryptocurrency 🔥
The latest news comes from the Federal Reserve (The Fed) which has just lowered its benchmark interest rate by 25 basis points (bps) for the third time. However, this decision has had a negative impact on the crypto market. 🔻
📉 Latest Data:
The overall crypto market is down 5% in the last 24 hours.
Bitcoin (BTC) is down 4%.
Ethereum (ETH) and Solana (SOL) are down 5% and 6%, respectively.
$XRP experienced a sharp decline of 10%.
Dogecoin (DOGE) is down 9% to US$0.363, near its lowest level.
$DOGE
What happened?
The Fed's decision certainly adds to the uncertainty in the market, and many investors are starting to worry about the stability of crypto in the short term.
💬 What Do You Think?
Will this decline continue, or will the crypto market rebound soon? Do you believe in the stability of crypto or are you worried about market fluctuations?
👇 Write your thoughts in the comments column! Don't forget to share and follow to stay updated with the latest information about the crypto world!
#CryptoMarket #TheFed #InterestRate #Cryptocurrency 🔥
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