#Bitcoin has dipped to $63,000 as the U.S. Federal Reserve decided to hold interest #rates steady.

This move by the Fed has impacted the broader #cryptocurrency market, contributing to the decline in Bitcoin's price. Investors are closely watching the Fed's actions and their implications for the crypto market, as stable interest rates could influence risk asset pricing.

$BTC #FedRateDecisions #TrendingTopic

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📢 Fed Update:

• The Fed has opted to maintain current interest rates, with consensus among members on this decision.
• They plan to hold off on reducing rates until there's clear evidence that inflation is on track to reach the 2% target.
• Recent data indicates some progress toward achieving this inflation goal.

🗣️ Additional Insights:
• The economy is showing steady growth.
• Job growth has decelerated, and although unemployment is up, it remains relatively low.
• Inflation has decreased but is still slightly above desired levels.

Impact on the Crypto Market:
The Fed’s choice to keep rates unchanged and its emphasis on inflation control may lead to increased volatility in the crypto market. While lower rates typically encourage investment in digital assets, ongoing inflation concerns could make investors more cautious.

#Fed #rates

▪️ 🇨🇭 Swiss National Bank hikes rates by 0.50%

#swiss #banks #rates #hikesrates #nationalbank

Tech stocks are leading the rise, and Yellen's statement is boosting market optimism🤗

US rates dropped by ~5bp across the curve today while equities enjoyed another rally led by tech and growth names, versus rotations out of real estate and utilities. Secretary Yellen added to the risk-positive mood as she stated that while "slow growth in China can have some negative spillovers for the United States", but the US's labour market continues to be strong and she expects that the Fed is on a "good path" to bring down inflation without a major weakening in the labor market, and that the US would be able to avoid a recession.

#US #rates #technology #China #Federal

#ECB needs to keep raising #interest #rates amid #inflation , Austria’s central #bank chief says.

https://news.bitcoin.com/europeans-to-see-more-interest-rate-hikes-central-bank-governors-indicate/

- #Maker Protocol's revenues hit $165 million, a two-year high.

- Rising #interest #rates contribute significantly to the increase.

- #DeFi platform gains revenue from higher interest rates, benefiting the protocol.

- User demand for #loans on Maker boosts profits.

- Demonstrates growing interest in DeFi sector and potential for platform growth.

$MKR $BNB $LINK

A piece of advise for all newbese ,small traders and small investors..stay away from #paid groups and stupid signals. Conduct your research, understand the #cryptomarket dynamics and read atleast the market scenario of previous 6 months,one should know the previous and current #rates of coins before #entering into the #cryptoworld

🇺🇸 US personal savings rate dropped to 3.7% in 2022, lowest since 2007.

#Binance #crypto2023 #BTC #rates #US

Powell: 🇺🇲

Someone said to me in the elevator today, "lower rates." I thanked him too.

#Powell #rates #fed #usa #JeromePowell