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    1. coinfeeds-bot on

      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.

    2. 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

    3. 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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