CandleFocus

What is the Latest Situation in the Markets After the FED’s Critical Interest Rate Decision? Here is the Data in Bitcoin and Altcoins

The Bitcoin and cryptocurrency markets have seen activity following the FED's announcement of a 50 basis point interest rate cut. Bitcoin's price increased by approximately 1%, while altcoins like Ethereum, BNB, Solana, XRP, and Dogecoin also experienced general increases. However, there has been liquidation of around $17 million in the cryptocurrency market, $13 million of which were in short positions. Interestingly, spot gold reached a record high of $2,591.19 per ounce after the interest rate decision. The majority of economists predicted a 25 basis point rate cut and were proven wrong. This article reminds readers that the information provided is not investment advice.

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