Crypto Market Awaits Fed Decision, Powell's Statement; What to Expect

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 Fed is now undergoing a blackout period, which means committee members are unable to make public comments prior to the FOMC meeting.If the Fed announces a rate cut and Powell's comments are regarded positively, the cryptocurrency market may respond positively. Lower interest rates generally boost risk assets, including cryptocurrencies, as investors seek higher returns.

United States United States Latest News, United States United States Headlines

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

Fed Hints at Gradual Rate Cuts: Crypto Market RespondsMarkets reacting to Fed's November meeting minutes
Source: Utoday_en - 🏆 295. / 63 Read more »

US Inflation Rises Again, Could Hawkish Fed Pivot Curb Crypto Bull Market?Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Crypto market sees slight losses as South Korean market plunges following emergency martial law declarationBitcoin (BTC) and the cryptocurrency market experienced minor declines on Tuesday, primarily due to political issues in South Korea, which introduced fear, uncertainty and doubt (FUD) among investors.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Crypto Market Cap Slumped by $300 Billion Amid BTC, Altcoin Massacre: Market WatchCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »