Crypto Markets Recover Slightly as Fed Signals Rate Cut, End of QT
Bitcoin is back above $110,000, though analysts say they’re now taking a more cautious approach after the $20 billion market wipeout.
Crypto markets climbed slightly higher to start the week, with total market cap up 2%, and almost all of the top-10 assets in the green on Monday, Oct. 20. The moderate recovery comes after Fed Chair Jerome Powell hinted that the Fed might soon stop reducing its balance sheet, signaling a possible end to its quantitative tightening program.
Bitcoin (BTC) bounced back from last Friday’s brief dip below $105,000, and is now trading around $111,500, up nearly 3% on the day — the second-biggest daily gainer among the top-10 large caps.
XRP saw the most gains among…
