Ether Leads Post-Fed Crypto Market Rally as Yen Weakness Sparks Risk-On Frenzy

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From the U.S. dollar to cat-themed cryptos, global assets roar back following the FOMC’s bold move

Oil jumps 2% amid middle eastern tensions, gold rallies, and Nvidia and S&P 500 ride the risk-on wave.

This move sparked debate, with some arguing that the Fed may have been late in the rate-cutting cycle, potentially signaling an impending recession. Historically, the last two times the Federal Reserve started with a 50 basis point rate cut were the 2001 and 2008 recessions, raising concerns that this current cut might signal similar economic challenges.However, others suggest that the Federal Reserve may be navigating a"Goldilocks" period—where the economy grows sustainably. U.S.

Crude oil prices have climbed over 2%, potentially influenced by ongoing geopolitical tensions in the Middle East. Gold, a traditional safe haven, also saw gains. Additionally, Nvidia shares increased by just under 2%, while the S&P 500 index rose by over 1%, indicating that risk-on asset classes broadly welcomed the Fed's decision.The buoyancy in the cryptocurrency market was further supported by inflows into both ether and bitcoin ETFs on Sept. 19 and 20. Ether-based ETFs recorded $8.

 

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Belgique Dernières Nouvelles, Belgique Actualités