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Fed Rate Cut Propels Markets Higher: Bitcoin Holds Strong at $76K While Nasdaq Hits Record High Blockonomi 08 қар 2024

Fed Rate Cut Propels Markets Higher: Bitcoin Holds Strong at $76K While Nasdaq Hits Record High 💹

Jerome Powell Bitcoin S&P 500 Nasdaq Federal Reserve

The Federal Reserve has moved to cut interest rates by 25 basis points, bringing them to a range of 4.50% to 4.75%. This decision marks the second consecutive cut and is a significant move influencing financial markets worldwide.

In the cryptocurrency space, Bitcoin has remained robust, currently priced at $76,644.57, marking a 1% increase over the last 24 hours. This stability in Bitcoin's price is notable amidst the current economic adjustments.

RWA tokens have experienced a surge, leading market gains with an impressive 11% increase, which highlights investor confidence in certain digital assets despite uncertain conditions in other sectors.

Additionally, U.S. stock markets, particularly the S&P 500 and Nasdaq, have reached record highs following the Federal Reserve's rate decision. This indicates a positive market sentiment and a favorable response from investors.

Federal Reserve Chairman Jerome Powell stated that the recent election outcomes would not alter the near-term trajectory of the monetary policy, emphasizing a steady approach moving forward.

Дереккөз: blockonomi.com ↗

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