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#RamadanGiveaway
The Binance Square Ramadan Giveaway is LIVE! 🌙🎉
Celebrate the spirit of Ramadan and claim your share of 5,000 USDC!
From March 14-28, complete tasks and engage with Binance’s 2025 Ramadan Calendar for a chance to win.
How to enter:
✅ Follow Binance Square South Asia (for South Asia users).
✅ Share the official Ramadan Giveaway post.
✅ Complete at least one eligible Ramadan Calendar campaign.
✅ Create a post on Binance Square with #RamadanGiveaway, showcasing your progress or task completion.
Prizes:
🏆 4,000 USDC will be split among all eligible participants.
🔥 The Top 5 posts (based on engagement) will share an extra 1,000 USDC.
Don’t miss out – join now and make this Ramadan even more rewarding.
Participate here
Good luck, and Ramadan Mubarak! 🌟
The Binance Square Ramadan Giveaway is LIVE! 🌙🎉
Celebrate the spirit of Ramadan and claim your share of 5,000 USDC!
From March 14-28, complete tasks and engage with Binance’s 2025 Ramadan Calendar for a chance to win.
How to enter:
✅ Follow Binance Square South Asia (for South Asia users).
✅ Share the official Ramadan Giveaway post.
✅ Complete at least one eligible Ramadan Calendar campaign.
✅ Create a post on Binance Square with #RamadanGiveaway, showcasing your progress or task completion.
Prizes:
🏆 4,000 USDC will be split among all eligible participants.
🔥 The Top 5 posts (based on engagement) will share an extra 1,000 USDC.
Don’t miss out – join now and make this Ramadan even more rewarding.
Participate here
Good luck, and Ramadan Mubarak! 🌟
#TradeBootCamp
Binance's Traders Boot Camp is a 4-week program offering interactive learning and trading challenges with over $1 million in crypto rewards, designed for traders of all levels to improve their skills and compete for prizes.
Here's a breakdown of the Traders Boot Camp:
Goal: To help traders of all levels learn, improve their skills, and compete for rewards.
Duration: The program spans 4 weeks.
Rewards: Participants can win a share of over $1 million in crypto rewards.
Activities:
Warm-up challenges: These are designed to help users get familiar with the platform and trading concepts.
Quiz-based learning: Interactive quizzes to test and reinforce knowledge.
Real trading competitions: Traders can compete on a leaderboard based on strategy, not account size.
Binance's Traders Boot Camp is a 4-week program offering interactive learning and trading challenges with over $1 million in crypto rewards, designed for traders of all levels to improve their skills and compete for prizes.
Here's a breakdown of the Traders Boot Camp:
Goal: To help traders of all levels learn, improve their skills, and compete for rewards.
Duration: The program spans 4 weeks.
Rewards: Participants can win a share of over $1 million in crypto rewards.
Activities:
Warm-up challenges: These are designed to help users get familiar with the platform and trading concepts.
Quiz-based learning: Interactive quizzes to test and reinforce knowledge.
Real trading competitions: Traders can compete on a leaderboard based on strategy, not account size.
$LTC
Litecoin txs surge 243% in 5 months amid ETF hype
The price of Litecoin spiked more than 8% as Canary’s spot Litecoin ETF made a move to prepare for its potential approval.
Daily transactions on the Litecoin network have hit $9.6 billion per day as exchange-traded fund issuers have been making moves to list their proposed Litecoin ETFs in the United States.
Litecoin had around $2.8 billion in daily transaction volume in late August so current levels represent a surge of 243% in five months. Additionally, LTC prices have doubled since early November, outpacing the broader crypto market, which has seen gains of 42% over the same period.
LTC prices spiked around 8.5% in response to the DTCC listing, climbing from an intraday low of $127 to $138 before a slight pullback on Feb. 21.
Litecoin txs surge 243% in 5 months amid ETF hype
The price of Litecoin spiked more than 8% as Canary’s spot Litecoin ETF made a move to prepare for its potential approval.
Daily transactions on the Litecoin network have hit $9.6 billion per day as exchange-traded fund issuers have been making moves to list their proposed Litecoin ETFs in the United States.
Litecoin had around $2.8 billion in daily transaction volume in late August so current levels represent a surge of 243% in five months. Additionally, LTC prices have doubled since early November, outpacing the broader crypto market, which has seen gains of 42% over the same period.
LTC prices spiked around 8.5% in response to the DTCC listing, climbing from an intraday low of $127 to $138 before a slight pullback on Feb. 21.
#LitecoinETF Canary Capital’s Litecoin ETF Edges Closer to Approval with DTCC Listing
Canary Capital filed for a Litecoin ETF in October 2024. Similar filings have been made by companies such as Grayscale and CoinShares to the SEC.
Additionally, ETF experts such as Eric Balchunas and James Seyffart have been positive about the prospects of ETF approvals. They pointed out that Litecoin’s designation as a commodity by the Commodity Futures Trading Commission (CFTC) is a boost for the ETF with a 90% chance for Litecoin spot ETF approval.
If approved, the LTCC would become the first U.S. spot ETF for a cryptocurrency other than Bitcoin and Ethereum. It may pave the way for other altcoin-backed ETFs that will provide access to the digital currency market using regulated financial products.
DTCC probably handles trillions of dollars worth of securities transactions daily. It operates as a first-clearing and settlement provider of U.S. securities, covering active ETFs and pre-launch funds pending clearance.
Canary Capital filed for a Litecoin ETF in October 2024. Similar filings have been made by companies such as Grayscale and CoinShares to the SEC.
Additionally, ETF experts such as Eric Balchunas and James Seyffart have been positive about the prospects of ETF approvals. They pointed out that Litecoin’s designation as a commodity by the Commodity Futures Trading Commission (CFTC) is a boost for the ETF with a 90% chance for Litecoin spot ETF approval.
If approved, the LTCC would become the first U.S. spot ETF for a cryptocurrency other than Bitcoin and Ethereum. It may pave the way for other altcoin-backed ETFs that will provide access to the digital currency market using regulated financial products.
DTCC probably handles trillions of dollars worth of securities transactions daily. It operates as a first-clearing and settlement provider of U.S. securities, covering active ETFs and pre-launch funds pending clearance.
#FTXrepayment FTX’s $1.2B repayments mark key moment in crypto industry recovery
FTX is set to repay $1.2 billion to creditors on Feb. 18, marking a key step in the exchange’s bankruptcy proceedings.
FTX Digital Markets, the Bahamian unit of the collapsed cryptocurrency exchange FTX, is set to repay the first group of creditors on Feb. 18 in a significant development for the crypto industry following the exchange’s almost $9 billion collapse.
In a key moment for the crypto industry’s recovery, FTX’s Bahamas wing will honor the first batch of repayments for users who are owed less than $50,000 worth of claims.
Users will receive their funds at 3:00 pm UTC on Feb. 18, according to a Feb. 4 X post from FTX creditor Sunil, who is part of the largest group of more than 1,500 FTX creditors, the FTX Customer Ad-Hoc Committee.
The repayments will bring an estimated $1.2 billion worth of capital to the first wave of defrauded FTX users.
FTX is set to repay $1.2 billion to creditors on Feb. 18, marking a key step in the exchange’s bankruptcy proceedings.
FTX Digital Markets, the Bahamian unit of the collapsed cryptocurrency exchange FTX, is set to repay the first group of creditors on Feb. 18 in a significant development for the crypto industry following the exchange’s almost $9 billion collapse.
In a key moment for the crypto industry’s recovery, FTX’s Bahamas wing will honor the first batch of repayments for users who are owed less than $50,000 worth of claims.
Users will receive their funds at 3:00 pm UTC on Feb. 18, according to a Feb. 4 X post from FTX creditor Sunil, who is part of the largest group of more than 1,500 FTX creditors, the FTX Customer Ad-Hoc Committee.
The repayments will bring an estimated $1.2 billion worth of capital to the first wave of defrauded FTX users.
$BTC Abu Dhabi Sovereign Wealth Fund Buys $436m Via Bitcoin ETFs In the final quarter of 2024, Abu Dhabi made a striking move in the digital asset space, revealing a $436.9 million investment in BlackRock's iShares Bitcoin ETF (IBIT). The disclosure, confirmed in a filing with the U.S. Securities and Exchange Commission, underscores the growing institutional embrace of Bitcoin by sovereign wealth funds. The massive investment was made through Mubadala Investment Company, one of Abu Dhabi’s premier sovereign wealth funds managing over $280 billion in assets. Mubadala’s acquisition of 8.2 million IBIT shares aligns with a broader trend of institutional capital flowing into the digital asset sector, particularly in the Middle East, where governments are increasingly integrating blockchain technology and cryptocurrencies into their financial ecosystems. Meanwhile, Bitcoin reacted positively to the announcement, climbing 1% from $96,700 to $97,700. The modest yet meaningful price increase reflects the growing confidence in Bitcoin’s long-term stability and adoption as an institutional-grade asset.
#MileiMemeCoinControversy Milei’s Crypto Debacle: Memecoin Hype Sparks Scandal, Lawsuits, and Political Turmoil
Argentina’s libertarian firebrand president, Javier Milei, is facing the biggest political crisis of his tenure after an ill-fated brush with the meme coin trenches. A meme coin called Libra, which Milei acknowledged meeting with the creators of, has triggered a wave of lawsuits, market losses, and even calls for impeachment.
The crypto news cycle is worsening as meme coins suck the market dry. Speaking publicly for the first time, Milei distanced himself from accusations of market manipulation. He insisted that his social media promotion of the token wasn’t an endorsement for investment but rather an effort to highlight a crypto-based initiative aimed at supporting Argentine entrepreneurs.
“I’m not a crypto expert,” Milei told Todo Noticias in a Monday night interview. “My expertise is economic growth, with or without money. As someone passionate about technology and its potential to fund projects, I simply shared the idea.”
Yet, his endorsement—intentional or not—set off a speculative frenzy. On Friday night, after Milei directed his massive online following to the Libra token, its price quadrupled within hours, briefly pushing the market cap to an eye-watering $4 billion.
Economy Minister Dismisses ‘Tiny’ Crypto World
As pressure mounted, Economy Minister Luis Caputo was the first to break the government’s silence Monday evening, attempting to downplay the incident as a niche misunderstanding rather than outright misconduct.
“Cryptocurrencies are a tiny, infinitesimal world. It’s a specialist domain that’s incredibly difficult to grasp,” Caputo stated. “I don’t understand crypto either, and it’s been explained to me 800,000 times.”
Despite his attempts to reassure investors, markets weren’t convinced. The S&P Merval Index suffered its biggest one-day drop since July, plummeting 5.6% as Buenos Aires traders dumped shares in top Argentine firms.
Argentina’s libertarian firebrand president, Javier Milei, is facing the biggest political crisis of his tenure after an ill-fated brush with the meme coin trenches. A meme coin called Libra, which Milei acknowledged meeting with the creators of, has triggered a wave of lawsuits, market losses, and even calls for impeachment.
The crypto news cycle is worsening as meme coins suck the market dry. Speaking publicly for the first time, Milei distanced himself from accusations of market manipulation. He insisted that his social media promotion of the token wasn’t an endorsement for investment but rather an effort to highlight a crypto-based initiative aimed at supporting Argentine entrepreneurs.
“I’m not a crypto expert,” Milei told Todo Noticias in a Monday night interview. “My expertise is economic growth, with or without money. As someone passionate about technology and its potential to fund projects, I simply shared the idea.”
Yet, his endorsement—intentional or not—set off a speculative frenzy. On Friday night, after Milei directed his massive online following to the Libra token, its price quadrupled within hours, briefly pushing the market cap to an eye-watering $4 billion.
Economy Minister Dismisses ‘Tiny’ Crypto World
As pressure mounted, Economy Minister Luis Caputo was the first to break the government’s silence Monday evening, attempting to downplay the incident as a niche misunderstanding rather than outright misconduct.
“Cryptocurrencies are a tiny, infinitesimal world. It’s a specialist domain that’s incredibly difficult to grasp,” Caputo stated. “I don’t understand crypto either, and it’s been explained to me 800,000 times.”
Despite his attempts to reassure investors, markets weren’t convinced. The S&P Merval Index suffered its biggest one-day drop since July, plummeting 5.6% as Buenos Aires traders dumped shares in top Argentine firms.
$SOL
Solana has lost almost 45% of its value in the last month due to severe downward pressure as the larger cryptocurrency market battles liquidity issues. Due to the precipitous drop, SOL has reached a pivotal point, and traders are keeping a careful eye on important price levels that could determine the asset's future course.
Immediate support zone: $160. Solana broke below the 200-day moving average and is now trading at about $168. There is an immediate support zone at the $160 level that might offer short-term respite. In the event that buying pressure increases, a rebound from this area might lead to a brief recovery.
Level of critical support: $145. If $160 does not hold, SOL's next significant support is at $145, which was a potent accumulation zone during the rally in November and December of 2024. An extended decline toward lower ranges could be indicated by a breakdown below this level.
The recovery's key resistance is $210. SOL needs to recover $210 on the upside in order to stop its downward trend. Historically, this level has served as a significant resistance point and is in line with the 50-day EMA. In the absence of a robust surge above this threshold, any brief rallies may be perceived as dead-cat bounces.
Solana has lost almost 45% of its value in the last month due to severe downward pressure as the larger cryptocurrency market battles liquidity issues. Due to the precipitous drop, SOL has reached a pivotal point, and traders are keeping a careful eye on important price levels that could determine the asset's future course.
Immediate support zone: $160. Solana broke below the 200-day moving average and is now trading at about $168. There is an immediate support zone at the $160 level that might offer short-term respite. In the event that buying pressure increases, a rebound from this area might lead to a brief recovery.
Level of critical support: $145. If $160 does not hold, SOL's next significant support is at $145, which was a potent accumulation zone during the rally in November and December of 2024. An extended decline toward lower ranges could be indicated by a breakdown below this level.
The recovery's key resistance is $210. SOL needs to recover $210 on the upside in order to stop its downward trend. Historically, this level has served as a significant resistance point and is in line with the 50-day EMA. In the absence of a robust surge above this threshold, any brief rallies may be perceived as dead-cat bounces.
#BNBChainMeme
BNB Chain-based TST token, issued as a memecoin by the blockchain’s community following a tutorial video on how to issue tokens, zoomed to a $300 million market capitalization as Binance founder Changpeng Zhao referred to the token in several X posts
Things with clear tangible value are harder to speculate on. They stay around the clear value,” Zhao said. “This is indeed a challenge for RWA. Memes are fun, etc. It’s a cultural thing. I am not an expert in this area. There are plenty of die-hard defenders of memes. Don’t go against the community.”
Barstool’s Portnoy Buys “JAILSTOOL”
David Portnoy, the influential founder of Barstool Sports, jumped into the memecoin fray on Friday with a coin called "Montoya por favor," inspired by a contestant from the Spanish reality show La Isla De Las Tentaciones.
Portnoy told his 3.5 million X followers that he was "up a billion percent" on his first foray into the meme tokens, helping the coins surge to a market capitalization of $14 million at its peak before plummeting down to a $1 million cap within a few hours.
He has now set his sights on a Josh Allen MVP coin with a playful warning, "Buy at your own risk. I just bought it. I’m gonna sell it. Don’t buy what ya can’t lose." That coin also shot up, hitting a market cap of over $12 million, before nosediving to a capitalization under $100,000.
BNB Chain-based TST token, issued as a memecoin by the blockchain’s community following a tutorial video on how to issue tokens, zoomed to a $300 million market capitalization as Binance founder Changpeng Zhao referred to the token in several X posts
Things with clear tangible value are harder to speculate on. They stay around the clear value,” Zhao said. “This is indeed a challenge for RWA. Memes are fun, etc. It’s a cultural thing. I am not an expert in this area. There are plenty of die-hard defenders of memes. Don’t go against the community.”
Barstool’s Portnoy Buys “JAILSTOOL”
David Portnoy, the influential founder of Barstool Sports, jumped into the memecoin fray on Friday with a coin called "Montoya por favor," inspired by a contestant from the Spanish reality show La Isla De Las Tentaciones.
Portnoy told his 3.5 million X followers that he was "up a billion percent" on his first foray into the meme tokens, helping the coins surge to a market capitalization of $14 million at its peak before plummeting down to a $1 million cap within a few hours.
He has now set his sights on a Josh Allen MVP coin with a playful warning, "Buy at your own risk. I just bought it. I’m gonna sell it. Don’t buy what ya can’t lose." That coin also shot up, hitting a market cap of over $12 million, before nosediving to a capitalization under $100,000.
$BNB
Price Targets: Will $650 Hold or Break?
Using Fibonacci-based trend analysis, the bearish continuation could push BNB below the psychological $650 mark. If this happens, the token could test key support at $628 and the 200 EMA at $623. This region serves as a crucial support zone that may trigger a reversal if buyers step in.
On the flip side, a strong recovery from $628 could allow the coin to retest $675 and challenge higher resistance levels. If bullish sentiment returns, particularly in response to dovish signals from the upcoming FOMC meeting, BNB could aim for $708, with the psychological $750 mark as the next major target.
Binance Coin Price Analysis: Triangle Breakdown and Bearish Signs
BNB recently hit a 7-day low of $637 but rebounded to sustain its position above the 100-day EMA. However, the current recovery is facing resistance at the 61.80% Fibonacci retracement level of $674.95, suggesting a potential continuation of the bearish trend.
The symmetrical triangle breakdown in the larger picture further supports the bearish outlook. This intraday recovery may simply be a retest of the broken triangle, with rejection at the $679 level hinting at further downside.
Additionally, the 20 and 50 EMA lines are approaching a negative crossover, while the 4-hour RSI remains below the halfway mark. These indicators reinforce bearish dominance and suggest that selling pressure may persist.
Price Targets: Will $650 Hold or Break?
Using Fibonacci-based trend analysis, the bearish continuation could push BNB below the psychological $650 mark. If this happens, the token could test key support at $628 and the 200 EMA at $623. This region serves as a crucial support zone that may trigger a reversal if buyers step in.
On the flip side, a strong recovery from $628 could allow the coin to retest $675 and challenge higher resistance levels. If bullish sentiment returns, particularly in response to dovish signals from the upcoming FOMC meeting, BNB could aim for $708, with the psychological $750 mark as the next major target.
Binance Coin Price Analysis: Triangle Breakdown and Bearish Signs
BNB recently hit a 7-day low of $637 but rebounded to sustain its position above the 100-day EMA. However, the current recovery is facing resistance at the 61.80% Fibonacci retracement level of $674.95, suggesting a potential continuation of the bearish trend.
The symmetrical triangle breakdown in the larger picture further supports the bearish outlook. This intraday recovery may simply be a retest of the broken triangle, with rejection at the $679 level hinting at further downside.
Additionally, the 20 and 50 EMA lines are approaching a negative crossover, while the 4-hour RSI remains below the halfway mark. These indicators reinforce bearish dominance and suggest that selling pressure may persist.
$BTC
Bitcoin is witnessing price fluctuations and is struggling to keep pace with its previous price ranges. Its price is trading close to the $98,000 price level, with less than 1% drop in the last 24 hours. The price drop triggered by uncertain global macroeconomic conditions hasn’t fully recovered yet.
As per the recent Matrixport report, the BTC price shows a notable divergence from its RSI market indicator. The consolidating RSI indicates a weakening momentum of Bitcoin. And, the report further says that BTC offered buying opportunities when RSI dropped nearly to 40%
Since the present RSI has only dropped to around 48%, this might not yet be the best time to enter long positions. The Matrixport report suggests investors to be patient and wait for an optimal entry point into the BTC market. This implies we might witness the BTC price to drop in the coming few hours.
Bitcoin Struggles to Get Back Up Amidst Global Uncertainty
With the new Trump administration in the US, crypto is about to face a huge shift in the coming months. The crypto community is awaiting a friendly regulatory framework and a potential Bitcoin reserve as promised by Donald Trump.
Bitcoin is witnessing price fluctuations and is struggling to keep pace with its previous price ranges. Its price is trading close to the $98,000 price level, with less than 1% drop in the last 24 hours. The price drop triggered by uncertain global macroeconomic conditions hasn’t fully recovered yet.
As per the recent Matrixport report, the BTC price shows a notable divergence from its RSI market indicator. The consolidating RSI indicates a weakening momentum of Bitcoin. And, the report further says that BTC offered buying opportunities when RSI dropped nearly to 40%
Since the present RSI has only dropped to around 48%, this might not yet be the best time to enter long positions. The Matrixport report suggests investors to be patient and wait for an optimal entry point into the BTC market. This implies we might witness the BTC price to drop in the coming few hours.
Bitcoin Struggles to Get Back Up Amidst Global Uncertainty
With the new Trump administration in the US, crypto is about to face a huge shift in the coming months. The crypto community is awaiting a friendly regulatory framework and a potential Bitcoin reserve as promised by Donald Trump.
$BTC
As of today, Feb 05, 2025, Bitcoin (BTC) is seeing some positive movement with a slight uptick in its price. Here are the main points in the latest news:
Regulatory Developments: U.S. lawmakers have been discussing a potential new regulatory framework for digital assets, which could provide more clarity for the industry. The proposed rules focus on transparency for crypto exchanges and consumer protections, which could boost confidence in the market.
Institutional Adoption: More institutional investors are entering the market, including large-scale investment funds diversifying into Bitcoin as part of their portfolios. This increased participation from big players could be contributing to the recent price stability.
Market Sentiment: Analysts are cautiously optimistic about the future of BTC, with many expecting gradual upward movement in the coming months as the overall economy recovers from the previous year's downturn.
As of today, Feb 05, 2025, Bitcoin (BTC) is seeing some positive movement with a slight uptick in its price. Here are the main points in the latest news:
Regulatory Developments: U.S. lawmakers have been discussing a potential new regulatory framework for digital assets, which could provide more clarity for the industry. The proposed rules focus on transparency for crypto exchanges and consumer protections, which could boost confidence in the market.
Institutional Adoption: More institutional investors are entering the market, including large-scale investment funds diversifying into Bitcoin as part of their portfolios. This increased participation from big players could be contributing to the recent price stability.
Market Sentiment: Analysts are cautiously optimistic about the future of BTC, with many expecting gradual upward movement in the coming months as the overall economy recovers from the previous year's downturn.
$XRP
XRP is a digital asset and cryptocurrency created by Ripple Labs. It’s primarily used for fast and low-cost cross-border payments. XRP serves as a bridge currency for transferring money between different fiat currencies, aiming to make international transactions quicker and more efficient than traditional methods like SWIFT. Ripple has partnered with various financial institutions and payment providers to integrate XRP into their systems, although its legal battles with the U.S. SEC (Securities and Exchange Commission) have impacted its price and market perception.
The future of XRP (Ripple) coin is difficult to predict with certainty, as it depends on various factors like regulatory developments, market sentiment, technological advancements, and adoption.
XRP has been at the center of legal battles, especially with the U.S. Securities and Exchange Commission (SEC), which could significantly impact its future. If Ripple prevails in its legal disputes, it could lead to increased confidence and potentially higher adoption of XRP in financial institutions. On the other hand, if regulatory challenges persist or intensify, it could affect the coin's value and use case.
That being said, XRP is primarily focused on cross-border payments and has partnerships with financial institutions, which could provide long-term value if adoption continues to grow.
Would you like more insights on any specific aspect of XRP's future?
XRP is a digital asset and cryptocurrency created by Ripple Labs. It’s primarily used for fast and low-cost cross-border payments. XRP serves as a bridge currency for transferring money between different fiat currencies, aiming to make international transactions quicker and more efficient than traditional methods like SWIFT. Ripple has partnered with various financial institutions and payment providers to integrate XRP into their systems, although its legal battles with the U.S. SEC (Securities and Exchange Commission) have impacted its price and market perception.
The future of XRP (Ripple) coin is difficult to predict with certainty, as it depends on various factors like regulatory developments, market sentiment, technological advancements, and adoption.
XRP has been at the center of legal battles, especially with the U.S. Securities and Exchange Commission (SEC), which could significantly impact its future. If Ripple prevails in its legal disputes, it could lead to increased confidence and potentially higher adoption of XRP in financial institutions. On the other hand, if regulatory challenges persist or intensify, it could affect the coin's value and use case.
That being said, XRP is primarily focused on cross-border payments and has partnerships with financial institutions, which could provide long-term value if adoption continues to grow.
Would you like more insights on any specific aspect of XRP's future?
#FedHODL
The US Federal Reserve, in a “unanimous” decision on Wednesday, announced its move to keep the interest rate cuts unchanged in its first major decision under President Donald Trump's second term.
The Federal Reserve's decision to maintain interest rates in the 4.25%-4.50% range signals a continued cautious approach to monetary policy. By holding rates steady, the Fed aims to balance the need to combat inflation with the desire to support economic growth. This move suggests that while inflation may still be a concern, the central bank is taking a wait-and-see approach to assess the effects of previous rate hikes on the economy. It also signals that they are trying to avoid stifling economic activity or pushing the economy into a recession.
The US Federal Reserve, in a “unanimous” decision on Wednesday, announced its move to keep the interest rate cuts unchanged in its first major decision under President Donald Trump's second term.
The Federal Reserve's decision to maintain interest rates in the 4.25%-4.50% range signals a continued cautious approach to monetary policy. By holding rates steady, the Fed aims to balance the need to combat inflation with the desire to support economic growth. This move suggests that while inflation may still be a concern, the central bank is taking a wait-and-see approach to assess the effects of previous rate hikes on the economy. It also signals that they are trying to avoid stifling economic activity or pushing the economy into a recession.
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