One Could Give 100,000% Gains
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Crypto prices have remained steady after this week’s FOMC meeting, where the Federal Reserve cut interest rates for the first time in nine months, lowering them by 25 basis points to a range of 4% to 4.25%.
The move was widely priced in beforehand, and so top cryptocurrencies saw only slight changes – Bitcoin has gained 0.75% so far today, and Ethereum is mostly flat at 0.16%. However, the good news is that this initial cut could signal the start of a bigger rate-lowering cycle.
Anticipation for further rate cuts could boost market confidence…