FED's Interest Rate Cut Sparks Volatility in Crypto Markets

12/23/2024 4:02:00 PM

According to MN Consultancy, the Federal Reserve's decision to cut interest rates by 25 basis points last Wednesday was anticipated by the market. However, the FED's hawkish commentary suggests a potential for tighter monetary policy in the future. This has led to increased volatility in the cryptocurrency market as investors process the implications of the rate cut and prepare for possible future monetary tightening. (Source)

volatility cryptocurrency market interest rates FED

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