FED's Rate Cut and Hawkish Tone Impact on Crypto Market

12/23/2024 4:02:00 PM

According to MN Consultancy, the Federal Reserve cut interest rates by 25 basis points last Wednesday, which was widely anticipated by the market. Despite this reduction, the FED's hawkish tone indicates potential tighter monetary policies in the future. This development has led to increased volatility in the cryptocurrency market as investors process the implications of the rate cut and prepare for upcoming monetary policy changes. (Source)

cryptocurrency market interest rates Federal Reserve

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