Reserve Dollar

Bitcoin

Reserve

Coin

<ul class="news-points wp-block-list" wp-block-list>
 <li>Federal Reserve will react to the dwindling market outlook by cutting interest rates.</li>
 <li>Analysts link ongoing market decline to geopolitical tensions.</li>
 <li>Bitcoin fell below $50K for the first time since February.</li>
</ul>
Analysts are predicting the Federal Reserve will react to the market downturn by cutting interest rates this month. This move, they suggest, is aimed at preventing the ongoing decline in asset prices from spreading to the real economy and triggering a recession.
The ongoing market crash, according to analysts, was triggered by a combination of factors, including Japan’s recent interest rate hike and relatively weak U.S. economic data. These events exposed significant global imbalances that had accumulated at extreme levels, further exacerbated by growing geopolitical tensions.
The cryptocurrency sector hasn’t escaped the carnage, experiencing a significant decline over the past ten days. Bitcoin, in particular, continued its downward spiral after closing below the key $60,000 level on Sunday.
A few hours into the new week, the flagship crypto declined a further 14.75%, dropping below $50,000 to reach $49,647 early Monday morning, according to<a href="https://www.tradingview.com/x/miVdG7Xb/" target="_blank" rel="noopener noreferrer nofollow"> data…</a>
The post <a href="https://coinedition.com/can-fed-rate-cuts-save-crypto-market-meltdown/" rel="noopener noreferrer nofollow">Can Fed Rate Cuts Save Crypto Market Meltdown?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Can Fed Rate Cuts Save Crypto Market Meltdown?

Coin Edition

Other articles published on Aug 5, 2024

Toncoin Falls More Than 14% In 24 hours

Cardano (ADA) On-Chain Activity Skyrockets in July Despite Market Crash

Pivot Partners with Skale Network to Initiate a 10 Million SKL Grants Program

Bitcoin Price Plunge to $50K Disrupts Carry Trading

Solana Remains on the Security Status Hook Despite SEC's Court Move

ZKX Protocol Faces Crypto Industry Backlash After Sudden Shutdown

Join our free newsletter for daily crypto updates!