Crypto market remains bullish following Fed rate cut
Following a meeting on Nov. 7, the Fed’s Federal Open Market Committee (FOMC) cut the US interest rate by another 25 basis points (bps), lowering it to 4.5% from 4.75%. The crypto and equities markets remained unfazed, as investors likely already priced the cut.
According to CryptoSlate data, Bitcoin (BTC) has been up 1% over the past 24 hours, and its current price is $76,644.57. Meanwhile, Ethereum (ETH) registered a more significant upward movement of 7.4%, reaching $2,888.21.
Solana (SOL) is inching close to $200 after growing 4.6% daily. The crypto market cap is up 1.3% in the same period, nearing $2.7 trillion.
Tokens related to real-world assets (RWA) protocols grew 11% in the past 24 hours and are leading the gains. According to…
