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<ul><li>Benjamin Cowen&#39;s chart shows similar crypto market performance after Fed rate announcements.</li><li>Fed&#39;s June 2019 rate announcements triggered initial crypto market declines followed by rallies post-implementation.</li><li>Analysts forecast bullish market trends with significant altcoin growth following the Fed&#39;s dovish June 2024 stance.</li></ul>Benjamin Cowen recently posted a chart on X, illustrating a relationship between crypto market performance and Federal Reserve (Fed) interest rate decisions. With a particular focus on the events of June 2019 and June 2024 this <a href="https://x.com/intocryptoverse/status/1801090316126032103" rel="noopener noreferrer nofollow">comparison</a> reveals critical points.  It was observed that Fed announcements and subsequent actions have significantly influenced market trends.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf6S61InyepDvRwyg-v9-GnSZjX41xEA9n00Xr4OmoOl3iRT7AE5T09jB8yvkCIkUaYoJbq1jW8SZROcyqYZ2qP_m2LRwWIZefe92HB0ijsIlhE_vCIsx-jl_1Rx0qNVYQz48FIOeEcDkWVy_YPJKHXNKo?key&#61;WZMpldMoBlKFTzHsfFPSkg" />In June 2019, the Federal Reserve signaled its intention to cut interest rates, although the action was planned for 2020. This announcement led to an initial decline in the crypto market, reflecting investor concerns and uncertainty. However, when the Fed proceeded to cut rates in July 2019, the market responded positively, leading to a noticeable rally.Fast forward to June 2024, the <a href="https://cryptotale.org/crypto-market-correction-looms-as-fed-rate-cut-hopes-fade/" rel="noopener noreferrer nofollow">Fed</a> announced it would maintain current interest rates with only one cut anticipated within the year. The market&#39;s reaction mirrored the 2019 scenario, showing a decline following the announcement. This immediate drop in market value suggests that similar to 2019, investors responded negatively to the deferral of rate cuts, highlighting a recurring theme in market behavior when faced with delayed monetary easing.<a href="https://cryptotale.org/cowen-highlights-market-deja-vu-with-fed-rate-moves-in-2019-and-2024/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Cowen Highlights Market Deja Vu with Fed Rate Moves in 2019 and 2024

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