Fed's Rate Cut Cushion: A Boon for Crypto Markets in 2024
In August 2024, the Federal Reserve cut interest rates by 0.25%, a move expected to positively impact the crypto markets
Following the Fed's decision, Bitcoin surged by 8%, reaching $30,500, reflecting increased investor confidence in digital assets
The rate cut aims to stimulate economic growth and may lead to more investment in cryptocurrencies
Ethereum and other major altcoins also saw gains, with Ethereum rising by 6% to $1,900, as investors shifted focus to crypto assets
Crypto markets are expected to benefit from this monetary policy shift, potentially enhancing portfolio diversification for investors
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