The cryptocurrency market has witnessed a significant uptick following a recent rate cut by the US Federal Reserve. This move, aimed at stimulating economic activities, has not only impacted traditional markets but has also galvanized the crypto sector, showcasing its growing correlation with macroeconomic events. Data from Coinglass indicates a remarkable 46% rise in crypto […]
Fed Cuts Rates by Half Point in Decisive Bid to Defend Economy
On September 18, 2024, the Federal Reserve made headlines by lowering its benchmark interest rate by half a percentage point, a bold move aimed at stabilizing the United States labor market amidst mixed economic signals. The decision, grounded in an intense two-day meeting, reflects a broader strategy to maintain economic strength while curbing inflation rates. […]
