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

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Following the Fed's decision, Bitcoin surged by 8%, reaching $30,500, reflecting increased investor confidence in digital assets

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The rate cut aims to stimulate economic growth and may lead to more investment in cryptocurrencies

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Ethereum and other major altcoins also saw gains, with Ethereum rising by 6% to $1,900, as investors shifted focus to crypto assets

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Crypto markets are expected to benefit from this monetary policy shift, potentially enhancing portfolio diversification for investors

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