Crypto Prices Surge Post US Fed Rate Cut: Nov. 08 Update
The global crypto market cap is down by 0.60%, hovering around $2.5 trillion with an FGI of 72 points for greed sentiments, as of Nov. 08. The slight dip has left the crypto market unaffected now that the US Federal Reserve has slashed lending rates by a quarter point, that is by 25 bps. The decision was due this Thursday with anticipation that the Fed would go more dovish than it did in September 2024, that is when rates were brought down by 50 bps despite a little hint of that factor.
BTC and ETH have marked crucial upticks. Other cryptocurrencies are in the picture too, like SOL and DOGE which have soared decently in the last 24 hours.
ETH Outperforms BTC Amid Upticks
Ethereum tokens have once again outperformed Bitcoin tokens…
