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cuts rates by 50 bps , bringing the Fed Funds Rate down to 5%
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RATS Pair Breaks Descending Trendline: Preparing for a Major Rally
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The RWA project, with its #SOIL token, holds significant potential. As a European-based initiative that complies with MiCA regulations, it is already active on mainnet. The team is currently focused on expanding its business network in Asia, which indicates a global growth strategy. The token's unique yield booster feature, along with its burn mechanism to help sustain value, makes it an attractive option for investors. Although Soil has not yet been listed on a Tier 1 exchange, the upcoming listing on Europe-based exchange Bitpanda is a positive step forward. Should the token achieve a Tier 1 listing, it could unlock substantial growth opportunities for the project. $BTC $TON
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$IOTX Consolidating Within Tight Range From Few Months Breakout Can Solid Massive Recovery In Coming Weeks. Key support and resistance levels for IoTeX: - Support: 0.03400 USDT, 0.02800 USDT - Resistance: 0.04100 USDT, 0.04595 USDT The price shows signs of recovery after breaking the descending channel. If it breaks the 0.04100 USDT level, the next target could be 0.04595 USDT #BTCReboundsAfterFOMC $BTC
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Good morning âïž After years, the interest rate cut has finally helped #Bitcoin break above $60k. We can expect to see more positive effects of these rate cuts in the coming months. Breaking the $60k resistance on a high-volume day is great news. As long as we don't close below $60k, the outlook remains positive. The next major target is between $69-74k. Wishing everyone profitable trades! $BTC $TON
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#Fed Chair Jerome Powell stated: - The economy is generally strong. - The labor market has transitioned from overheating to a normal state. - Inflation has significantly decreased since August. - We are clearly focused on our targets, and today's decision reflects confidence in maintaining the strength of the labor market. - Our patient approach has yielded results. - Consumer spending continues to be strong. - We expect GDP growth to remain robust. - Inflation has decreased from its peak to around 2%, but it is still above our target. - Labor market conditions are less tight compared to pre-pandemic levels. - The economy is strong, inflation has decreased to 2% levels, and there is some cooling in the labor market. Overall, he speaks positively and indicates that there is no recession. $BTC $NEIRO
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