The crypto market continued to decline despite Federal Reserve Chair Jerome Powell hinting at the possibility of further interest rate cuts. Powell stated that the economy is in a solid shape and that future rate cuts will depend on economic data. The crypto market remained quiet after Powell's speech, with major cryptocurrencies experiencing declines. However, some members of the crypto community expressed optimism and a bullish outlook, suggesting that further rate cuts could attract more investors to the digital asset sector and potentially lead to a crypto bull run.
- Content Editor ( fxstreet.com )
- 2024-10-01
Bitcoin and crypto market maintain decline despite Fed Chair Powell's hints at further rate cuts