Federal Reserve Interest Rate Decision and Cryptocurrency Market Volatility
#TopContentChallenge#
FED Interest Rate Decision:
On December 18, 2024, the U.S. Federal Reserve (Fed) lowered the policy interest rate by 25 basis points to 4.25%-4.50%. This decision aligns with market expectations and supports efforts to reduce the inflation rate to 2.3%. However, the Fed has shown a more cautious stance regarding 2025, indicating plans to slow down the pace of rate cuts (AP News).
Please enter the text to be translated.
Cryptocurrency Market Dynamics:
Bitcoin (BTC) fell after breaking the new high of $108,000 on December 17, and dropped to $105,554 with a decline of 2.44% on the same day (Cointelegraph). Ethereum (ETH) broke below the support level of $3,900, signaling a pullback towards $3,700 (The Crypto Basic).
Market Outlook:
The Fed's cautious monetary policy and the volatility of cryptocurrencies indicate that now is a period for investors to pay attention. It is crucial to closely monitor economic data and market trends during this period of volatility.
Result:
Although the Federal Reserve's rate cuts aim to support growth, the lack of a clear direction for 2025 may create uncertainty in the market. The volatility of cryptocurrencies requires investors to adopt more cautious strategies.
Please provide the Turkish text to be translated.
References:
• AP News. (2024). The Federal Reserve plans to lower key interest rates, but consumers may not feel significant benefits immediately.
• Cointelegraph. (2024). Price Analysis 12/18: BTC, ETH, XRP.
• The Crypto Basic. (2024). Ethereum faces risks of $3,378 as the bear market threatens the $3,800 support.