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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

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:

 /  🏆 295. in SE

Sverige Senaste nytt, Sverige Rubriker

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

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