Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

News Nyheter

Sverige Senaste nytt,Sverige Rubriker

Cryptocurrencies rose during a broad market rally Thursday, one day after the Federal Reserve delivered a large interest rate cut.

Cryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half percentage point reduction in interest rates, the first in more than four years.was recently higher by 3.5% at $62,417.48, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday. Bitcoin, like stocks, initially jumped and then pulled back as traders absorbed the news.

Ether has been dramatically underperforming bitcoin as the investment case for the cryptocurrency weakenscritter corner

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 270. in SE

Sverige Senaste nytt, Sverige Rubriker