Bitcoin Dips as Markets Anticipate FED Rate Cut Decision
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LIVE UPDATES • Bitcoin Dips as Markets Anticipate FED Rate Cut Decision • Former President Donald Trump Is Safe After Second Assassination Attempt • Ethereum (ADA) Rival, Real Estate Tokenization Altcoin Priced Below $0.10 Set to Skyrocket to Top 50 Cryptocurrencies by 2025 • Cryptocurrency: Viral Altcoin Set to Skyrocket 45x by Mid-2025 • BNB Stalls, Monero Upgrades—But BlockDAG Is the Best Crypto to Buy Today! Revealing the 20,000x Profit Potential! • BlockDAG Teams Up with Borussia Dortmund, Eyes on $30 Mark! Challenges Ahead for Aptos and XRP • Lazarus Group Hackers Were Blocked $5 Million in Illicit Fund • Play, Earn, and Unlock 20,000x Potential With BlockDAG’s TG Tap Miner; Latest Updates on Catizen Mini Games & Illuvium Open Beta • From $10M BVB Deal to Inter Milan: BlockDAG to Team Up with Premier League Club Next? Plus, News on Pixelverse & Doge Kombat • BlockDAG’s 2nd AMA: CEO Reveals X10 & X1 Pairing & 20,000x Profit Potential; Aevo Coin Surges While Kaspa Price Dips
News Bitcoin Dips as Markets Anticipate FED Rate Cut Decision 10 mins ago - Around 2 mins mins to read
Key Points:
Bitcoin loses 2.6% ahead of the first interest rate cut from the Federal Reserve in over four years.
Investors await Fed Chair Jerome Powell’s guidance and the “dot plot” from the upcoming press conference.
Ongoing political events, including the assassination attempt on Trump, have affected Bitcoin’s price in the near term.
Bitcoin fell 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. Markets are preparing for the Federal Reserve’s first interest rate cut in over four years. Smaller tokens like Ethereum and Dogecoin also lost as investors await more details about the rate cut, which is expected later in the week.
Fed to Cut Rates and Effect on Bitcoin
The first U.S. rate cut since 2020 usually presages looser financial conditions, suitable for riskier assets such as cryptocurrencies. But for now, the focus will be on the rate cut, a set of fresh economic projections, Powell’s news conference, and perhaps most importantly for investors, the “dot plot,” which gives a sense of future interest rate changes.
Sean McNulty, a director of trading at Arbelos Markets, opined that ” the cut is less important than the signalling during the press conference and the release of the updated dot plot.” With volatility already priced in from the options market, Powell’s dovish tone would determine Bitcoin’s outperformance.
Political Developments Driving Bitcoin’s Movements
Political developments are also infringing upon Bitcoin’s short-term price movement. Over the weekend, former U.S. President Donald Trump survived another assassination attempt at his West Palm Beach golf course. Trump’s involvement with crypto, most notably using digital assets for campaign funding, piqued leverage on the former U.S. president’s political fortunes and Bitcoin’s performance.
This development replicates a similar surge witnessed in July after there was an assassination attempt on Trump when speculations were that his chances for re-election had gone up.
Bitcoin crypto fed
Author Andrew
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Bitcoin Dips as Markets Anticipate FED Rate Cut Decision
Key Points:
Bitcoin loses 2.6% ahead of the first interest rate cut from the Federal Reserve in over four years.
Investors await Fed Chair Jerome Powell’s guidance and the “dot plot” from the upcoming press conference.
Ongoing political events, including the assassination attempt on Trump, have affected Bitcoin’s price in the near term.
Bitcoin fell 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. Markets are preparing for the Federal Reserve’s first interest rate cut in over four years. Smaller tokens like Ethereum and Dogecoin also lost as investors await more details about the rate cut, which is expected later in the week.
Fed to Cut Rates and Effect on Bitcoin
The first U.S. rate cut since 2020 usually presages looser financial conditions, suitable for riskier assets such as cryptocurrencies. But for now, the focus will be on the rate cut, a set of fresh economic projections, Powell’s news conference, and perhaps most importantly for investors, the “dot plot,” which gives a sense of future interest rate changes.
Sean McNulty, a director of trading at Arbelos Markets, opined that ” the cut is less important than the signalling during the press conference and the release of the updated dot plot.” With volatility already priced in from the options market, Powell’s dovish tone would determine Bitcoin’s outperformance.
Political Developments Driving Bitcoin’s Movements
Political developments are also infringing upon Bitcoin’s short-term price movement. Over the weekend, former U.S. President Donald Trump survived another assassination attempt at his West Palm Beach golf course. Trump’s involvement with crypto, most notably using digital assets for campaign funding, piqued leverage on the former U.S. president’s political fortunes and Bitcoin’s performance.
This development replicates a similar surge witnessed in July after there was an assassination attempt on Trump when speculations were that his chances for re-election had gone up.
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Key Points:
Bitcoin loses 2.6% ahead of the first interest rate cut from the Federal Reserve in over four years.
Investors await Fed Chair Jerome Powell’s guidance and the “dot plot” from the upcoming press conference.
Ongoing political events, including the assassination attempt on Trump, have affected Bitcoin’s price in the near term.
Bitcoin fell 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. Markets are preparing for the Federal Reserve’s first interest rate cut in over four years. Smaller tokens like Ethereum and Dogecoin also lost as investors await more details about the rate cut, which is expected later in the week.
Fed to Cut Rates and Effect on Bitcoin
The first U.S. rate cut since 2020 usually presages looser financial conditions, suitable for riskier assets such as cryptocurrencies. But for now, the focus will be on the rate cut, a set of fresh economic projections, Powell’s news conference, and perhaps most importantly for investors, the “dot plot,” which gives a sense of future interest rate changes.
Sean McNulty, a director of trading at Arbelos Markets, opined that ” the cut is less important than the signalling during the press conference and the release of the updated dot plot.” With volatility already priced in from the options market, Powell’s dovish tone would determine Bitcoin’s outperformance.
Political Developments Driving Bitcoin’s Movements
Political developments are also infringing upon Bitcoin’s short-term price movement. Over the weekend, former U.S. President Donald Trump survived another assassination attempt at his West Palm Beach golf course. Trump’s involvement with crypto, most notably using digital assets for campaign funding, piqued leverage on the former U.S. president’s political fortunes and Bitcoin’s performance.
This development replicates a similar surge witnessed in July after there was an assassination attempt on Trump when speculations were that his chances for re-election had gone up.
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