Crypto Market Reacts to Fed Comments Ahead of Major Data

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.

At its September meeting, the Federal Open Market Committee took the unusual move of decreasing its benchmark interest rate by half a percentage point, or 50 basis points, to a target range of 4.75% to 5.00%. This remains an uncommon move by the Fed, which prefers to move in quarter percentage point increments or 25 basis points. Waller, however, did not commit to a clear course forward.were showing gains. Bitcoin is up 1% in the previous 24 hours and 5% in the last seven days.

Bitcoin Cash, MEW and Book of Meme had gains ranging from 10% to 12% in the last 24 hours. Ethena, Notcoin, WorldCoin, Hedera, Lido DAO and Core all saw gains ranging from 5% to 9%. Meanwhile, a few cryptocurrencies saw losses, including TAO, WIF, Wormhole, Toncoin, Avalanche and SUI, which ranged from 2% to 7%.Investors are also anticipating upcoming economic data releases, including insights from the manufacturing sector on Tuesday and the most recent consumer inflation expectations survey.

Data releases and policymakers' remarks are being extensively scrutinized for clues about how the U.S. economy is doing, as they consider the future for monetary policy, particularly any further interest rate decreases.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Nakamoto Speaks: Dogecoin Creator Reacts to Crypto Market BloodbathDogecoin (DOGE) creator provides epic cryptocurrency market comment
Källa: Utoday_en - 🏆 295. / 63 Läs mer »

Dogecoin Founder Reacts to Crypto Market CrashShibetoshi Nakamoto jokingly explained the reasons for the recent crypto market plunge
Källa: Utoday_en - 🏆 295. / 63 Läs mer »

Crypto Exchange Market Share Shifts as Binance Loses Ground to Crypto.comCrypto Blog
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »

Crypto Market Rebounds Despite SEC’s XRP Appeal as Crypto All-Stars ICO Continues to GrowCrypto Blog
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »

Bitcoin Steady As Crypto Market Rises, Traders Eye Fed-Fueled RallyBitcoin remains little changed over the last 24 hours as the broader crypto market sees a slight increase of over 0.85%. This comes amidst optimism from traders who believe the Federal Reserve's recent interest rate cut will encourage other central banks to follow suit.
Källa: CoinDesk - 🏆 291. / 63 Läs mer »

Ether Leads Post-Fed Crypto Market Rally as Yen Weakness Sparks Risk-On FrenzyFrom the U.S. dollar to cat-themed cryptos, global assets roar back following the FOMC’s bold move
Källa: CoinDesk - 🏆 291. / 63 Läs mer »