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The Fed Encourages with Rate Cuts

Federal Reserve Board member Christopher Waller stated that the regulator may lower interest rates at its meeting in July.

A rate cut could support the cryptocurrency market, which is facing uncertainty due to geopolitical and trade risks.

At the time of writing, BTC had lost about 1% and was trading around $103,400. Ethereum was down 3.5% at a price of $2,420, while most leading altcoins were in the red, showing a daily decline of 3-5% or more.