Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/traders-react-to-fed-interest-rate-decision-after-trumps-election/" data-wpel-link="internal">Traders React to Fed Interest Rate Decision After Trump’s Election</a> 
This week, <a href="https://en.coin-turk.com/crypto-market-under-pressure-data-suggests-dim-outlook-in-short-term/" data-wpel-link="internal">cryptocurrency</a> traders have found the interest rate decision following Trump’s election to be relatively insignificant. However, the importance of announcements accompanying the rate decision during the new all-time high attempts is significant. Therefore, it would not be surprising to see increased volatility in the coming hours. 
<h2 style="text-align: justify" id="fed-interest-rate-decision">Fed Interest Rate Decision</h2> 
Before the announcement, markets were pricing in a 99% chance of a 25 basis point cut. The Fed must bring interest rates to a neutral level while remaining vigilant about employment issues. Despite starting with a decisive figure of 50 basis points, Powell stated, “Don’t interpret this as a relaxation pace.” 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-404595 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/7-kasim-fed-faiz-beklentisi.png" alt="" width="1144" height="565"> 
The interest rate decision has now been revealed. Prior to the announcement, Bitcoin (BTC) surged to $76,667 and hovered around $76,600 just minutes before the decision. The rates dropped by 25 basis points as expected, with BTC now lingering at $76,300. Key details of the decision include: 
<ul> 
 <li style="text-align: justify">Fed: The committee believes the risks to employment and inflation targets are roughly balanced.</li> 
 <li style="text-align: justify">Fed: Labor market conditions have generally softened; the unemployment rate has risen but remains low.</li> 
 <li style="text-align: justify">Fed: The decision was made unanimously in favor of policy. We will continue reducing bond assets at the previously announced pace. Economic activity has continued to expand steadily.</li> 
</ul> 
The post <a href="https://en.coin-turk.com/traders-react-to-fed-interest-rate-decision-after-trumps-election/" data-wpel-link="internal">Traders React to Fed Interest Rate Decision After Trump’s Election</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Traders React to Fed Interest Rate Decision After Trump’s Election

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