Fed Chair Jerome Powell's Remarks Ripple Through Crypto Market: Details

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Fed recently announced 25-basis-point interest rate cut

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

The markets posted a reaction: Stocks continued to rise, with the S&P 500 on track for another record close. Bitcoin was also trading near its record high of over $76,000.On Thursday, the Federal Reserve announced a 25-basis-point interest rate decrease to the target range of 4.50%-4.75%, a move deemed favorable for"risk-on" assets like cryptocurrencies. Bitcoin extended its surge, on track to mark its fourth day of gains if today closes in green.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin's Next Move Predicted as Market Awaits Fed Rate DecisionCrypto markets bracing for rate cuts and Fed Chair Jerome Powell's speech
Source: Utoday_en - 🏆 295. / 63 Read more »