📰 Today's News – US Interest Rate Cut and Its Impact on Cryptocurrencies
The US Federal Reserve announced a cut in the interest rate by 0.25% to a range between 4.00% and 4.25%, marking the first reduction since December 2024. The decision came amid signs of a slowdown in the labor market and concerns about rising unemployment, despite inflation remaining above target levels.
Financial markets reacted with volatility; stocks initially rose before retreating after cautious remarks from Federal Reserve Chairman Jerome Powell. In the cryptocurrency market, Bitcoin saw limited movement, while Ethereum and Solana recorded clear gains, with expectations for more momentum if the Fed continues its accommodative monetary policy during its upcoming meetings.
🔮 Forecast: Continued interest rate cuts may lead to a strong upward wave in cryptocurrencies in the medium term, especially with increasing investor interest in high-risk assets compared to the dollar.
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