tldr; The U.S. Federal Reserve cut interest rates by 0.25% for the first time since December, citing economic concerns such as revised job creation data and elevated uncertainty. Bitcoin and other cryptocurrencies remained steady following the decision, with Bitcoin trading slightly up at $116,000. The rate cut reflects growing nervousness about employment, despite inflation remaining above the Fed’s 2% target. Investors are closely watching for further economic projections and potential additional rate cuts later this year.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Be_Me_Anon_irl on
This aged well…
coconutter98 on
where’s the dildo candle????? bitcoin should be at 120k now
ICE-FlGHT on
Dont look steady to me.
Crackorjackzors on
I feel like rate cut was priced in, as it was feeling certain a while back that the cut was going to happen
CharlieTheo-14 on
Over
[deleted] on
[removed]
Edd916 on
Well one this is certain we are going up ….. or down soon
Ill-Sandwich-7703 on
This is better than I expected, I thought there’d be a dramatic dump. It’s going up and this bodes well.
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tldr; The U.S. Federal Reserve cut interest rates by 0.25% for the first time since December, citing economic concerns such as revised job creation data and elevated uncertainty. Bitcoin and other cryptocurrencies remained steady following the decision, with Bitcoin trading slightly up at $116,000. The rate cut reflects growing nervousness about employment, despite inflation remaining above the Fed’s 2% target. Investors are closely watching for further economic projections and potential additional rate cuts later this year.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This aged well…
where’s the dildo candle????? bitcoin should be at 120k now
Dont look steady to me.
I feel like rate cut was priced in, as it was feeling certain a while back that the cut was going to happen
Over
[removed]
Well one this is certain we are going up ….. or down soon
This is better than I expected, I thought there’d be a dramatic dump. It’s going up and this bodes well.