The Federal Reserve’s Rate Cut Affects Cryptocurrency Markets

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Coin-Turk 11 months ago 167

The Federal Reserve’s decision to cut interest rates by 25 basis points has unexpectedly impacted the cryptocurrency market. Bitcoin (BTC ($86,323.00)) $100,709 fell below the psychological threshold of $100,000, resulting in sharp sell-offs across the market. Major altcoins such as Ethereum (ETH ($2,915.60)) $3,655 and XRP ($1.90) also experienced significant losses due to this decline.

Bitcoin and Altcoins Lose Value

Following the rate...



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