Crypto markets rebounded after the Fed’s third rate cut this year, with analy Crypto markets rebounded after the Fed’s third rate cut this year, with analy
Bitcoin bounces on Fed rate cut with bigger rally ahead predicted
Crypto markets rebounded after the Fed’s third rate cut this year, with analysts predicting a larger bounce following the typical post-cut pattern.
Crypto markets saw a slight pickup after the US Federal Reserve’s widely expected rate cut on Wednesday, and a larger bounce could be next, say analysts.
The central bank has executed three consecutive interest rate cuts totaling 0.75% over a three-month period from September to December.
Despite being fundamentally bullish for crypto in the long term, each cut triggered short-term sell-offs, following a classic “buy the rumor, sell the news” pattern, the onchain analytics firm Santiment said on Thursday.
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