menu
techminis

A naukri.com initiative

google-web-stories
source image

Cryptonews

4w

read

196

img
dot

Image Credit: Cryptonews

Fed Rate Hold Sparks Crypto Rally Despite Analyst Warnings of Premature Optimism

  • The FOMC maintained its federal funds rate between 4.25% and 4.50% in its first meeting since Trump’s return to office, with suggestions that quantitative tightening might soon transition to easing.
  • Crypto assets rallied after the FOMC meeting, with Bitcoin up 4% in the past 24 hours, reaching US$86,118 (AU$135,930) at the time of writing.
  • Analysts warn investors against overconfidence, suggesting the Fed won’t implement quantitative easing unless rates approach zero.
  • BlackRock’s global head of digital assets expresses bullish sentiment on Bitcoin, highlighting its 15% price increase since Trump’s re-election and comparing it to "digital gold".

Read Full Article

like

11 Likes

For uninterrupted reading, download the app