Lackluster Sentiment In Crypto Markets
Crypto market sentiment remains cautiously optimistic amidst overwhelming expectations of a quarter percentage rate cut by the Federal Reserve on Wednesday. However, digital assets lacked the euphoria that dragged down the Dollar and pushed gold prices to a fresh all-time high.
Markets overwhelmingly expect the Fed to deliver a quarter percentage rate cut on Wednesday. The CME FedWatch tool indicates 96.1 percent likelihood of a 25-basis points rate cut.
The Dollar has weakened, dragging down the six-currency Dollar Index to 97.00 from 97.30 at close on Monday. The index ranged between 96.96 and 97.39 in the day’s trade.
Gold Futures for December settlement touched an all-time high of $3,736.97 per troy ounce earlier in the trade. It is…
