Crypto market stays in the green after 25bps Fed cut
Bitcoin and the cryptocurrency market maintained positive momentum after the Federal Reserve implemented its first rate cut since Donald Trump’s election win.
On Nov. 7, the Federal Reserve announced a 25 basis point reduction in U.S. funding rates at this month’s Federal Open Market Committee meeting, continuing the monetary easing started in September with a 50bps cut.
Bitcoin (BTC) remained above $76,000, and the total crypto market remained solidly in the green. Wall Street surged after the meeting while the CBOE Volatility index dipped.
However, cryptocurrency prices were generally unchanged from before the meeting. Social media commentators have theorized that FOMC decisions may have smaller impacts on…
