🚨 Crypto Market Drops After Fed Cuts Interest Rates! 🚨
The latest news comes from the Federal Reserve (The Fed) which has just lowered its benchmark interest rate by 25 basis points (bps) for the third time. However, this decision has had a negative impact on the crypto market. 🔻
📉 Latest Data:
The overall crypto market is down 5% in the last 24 hours.
Bitcoin (BTC) is down 4%.
Ethereum (ETH) and Solana (SOL) are down 5% and 6%, respectively.
$XRP experienced a sharp decline of 10%.
Dogecoin (DOGE) is down 9% to US$0.363, near its lowest level.
What happened?
The Fed's decision certainly adds to the uncertainty in the market, and many investors are starting to worry about the stability of crypto in the short term.
💬 What Do You Think?
Will this decline continue, or will the crypto market rebound soon? Do you believe in the stability of crypto or are you worried about market fluctuations?
👇 Write your thoughts in the comments column! Don't forget to share and follow to stay updated with the latest information about the crypto world!
