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All eyes on the Fed š
Bitcoin and Ethereum sank Monday morning, ahead of a crucial monetary policy decision by the U.S. Federal Reserve later this week.
Stephen Graves
September 16, 2024
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š What you need to know
"All eyes now turn to the Fedās interest rate decision." Thatās the verdict of crypto market analysts as Bitcoinās price slipped Monday morning, ahead of a crucial monetary policy decision by the U.S. Federal Reserve later this week. Crypto stocks followed suit as Bitcoin failed to maintain its early weekend momentum.
With the Fed expected to announce its first interest rate cut in years, the big question isnāt if, but how much, with futures markets split on whether the cut will be for 25 or 50 basis points. A group of Democratic Senatorsāincluding perennial crypto critic Elizabeth Warrenāhave called for a more aggressive cut of 75 basis points.
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š¬ Quote of the Day
No, I have no related with their game. I did not sell anything.
I also don't support crypto.
ā Dong Nguyen, creator of Flappy Bird
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