Is The Crypto Bull Market Back? Fed Cuts Interest Rates, Ends Quantitative Tightening
After more than three years of restrictive monetary policy, the US Federal Reserve has officially ended its balance sheet contraction, marking the conclusion of its quantitative tightening program.
Alongside this shift, the Fed cut its benchmark federal funds target range by 25 basis points to 3.75%β4.00%, signalling a cautious pivot toward a more neutral stance.
Despite the dovish policy shift, crypto markets slipped into the red as Fed Chair Jerome Powell struck a notably hawkish tone. Powell stressed that another rate cut in December is βfar from a foregone conclusion,β signalling that the central bank remains cautious about easing too quickly.
Bitcoin fell below $110,000, while altcoins like Aster, Ethena and…
