Bitcoin
Bitcoin (BTC)
$97,565.00 4.41904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,127.77 0.23088
Ethereum price
BNB
BNB (BNB)
$609.19 -0.99763
BNB price
Solana
Solana (SOL)
$241.30 1.37928
Solana price
XRP
XRP (XRP)
$1.12 1.6058
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000238 -3.06844
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000191 -5.67701
Pepe price
Bonk
Bonk (BONK)
$0.0000511 -6.29911
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 -8.21345
dogwifhat price
Popcat
Popcat (POPCAT)
$1.51 -11.07271
Popcat price
Bitcoin
Bitcoin (BTC)
$97,565.00 4.41904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,127.77 0.23088
Ethereum price
BNB
BNB (BNB)
$609.19 -0.99763
BNB price
Solana
Solana (SOL)
$241.30 1.37928
Solana price
XRP
XRP (XRP)
$1.12 1.6058
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000238 -3.06844
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000191 -5.67701
Pepe price
Bonk
Bonk (BONK)
$0.0000511 -6.29911
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 -8.21345
dogwifhat price
Popcat
Popcat (POPCAT)
$1.51 -11.07271
Popcat price
Bitcoin
Bitcoin (BTC)
$97,565.00 4.41904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,127.77 0.23088
Ethereum price
BNB
BNB (BNB)
$609.19 -0.99763
BNB price
Solana
Solana (SOL)
$241.30 1.37928
Solana price
XRP
XRP (XRP)
$1.12 1.6058
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000238 -3.06844
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000191 -5.67701
Pepe price
Bonk
Bonk (BONK)
$0.0000511 -6.29911
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 -8.21345
dogwifhat price
Popcat
Popcat (POPCAT)
$1.51 -11.07271
Popcat price
Bitcoin
Bitcoin (BTC)
$97,565.00 4.41904
Bitcoin price
Ethereum
Ethereum (ETH)
$3,127.77 0.23088
Ethereum price
BNB
BNB (BNB)
$609.19 -0.99763
BNB price
Solana
Solana (SOL)
$241.30 1.37928
Solana price
XRP
XRP (XRP)
$1.12 1.6058
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000238 -3.06844
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000191 -5.67701
Pepe price
Bonk
Bonk (BONK)
$0.0000511 -6.29911
Bonk price
dogwifhat
dogwifhat (WIF)
$3.06 -8.21345
dogwifhat price
Popcat
Popcat (POPCAT)
$1.51 -11.07271
Popcat price

Crypto market stays in the green after 25bps Fed cut

crypto-market-stays-in-the-green-after-25bps-fed-cut
Edited by
News
Crypto market stays in the green after 25bps Fed cut

Bitcoin and the cryptocurrency market maintained positive momentum after the Federal Reserve implemented its first rate cut since Donald Trump’s election win.

On Nov. 7, the Federal Reserve announced a 25 basis point reduction in U.S. funding rates at this month’s Federal Open Market Committee meeting, continuing the monetary easing started in September with a 50bps cut.

Bitcoin (BTC) remained above $76,000, and the total crypto market remained solidly in the green. Wall Street surged after the meeting while the CBOE Volatility index dipped.

However, cryptocurrency prices were generally unchanged from before the meeting. Social media commentators have theorized that FOMC decisions may have smaller impacts on digital asset prices moving forward.

Meanwhile, proponents noted that the Fed removed language pointing to “greater confidence on inflation.” Speculators said the changes were likely due to the elections and possible alterations to monetary policies.

Addressing the debates, Fed chair Jerome Powell said central bank regulators would not switch strategy due to short-term inflation data or electoral results.

The statement changes weren’t designed to serve as forward guidance. Removing language about greater confidence” on inflation is characterized as a drafting step.

Jerome Powell, Federal Reserve chair

Trump and Powell have notoriously butted heads over the Fed’s approach to interest rates. Despite appointing the Fed chair in 2017, Trump criticized Powell for adopting a conservative rate environment. At the time, Trump claimed that Powell’s policies slowed U.S. economic growth.

Rumors have floated over Powell’s potential resignation once Trump takes office in January. Responding to questions at a post-FOMC press conference, Powell said he wouldn’t step down if asked by Trump.