Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’
The crypto market turned sharply lower on Tuesday after Federal Reserve Chair Jerome Powell said another interest rate cut in December is “far from certain.” His comments dampened investor optimism that the Fed would continue easing monetary policy to support slowing growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano News Today: Cardano's Vital $0.67 Level May Spark a Surge Toward $1.70
- Cardano (ADA) near $0.65 forms a symmetrical triangle pattern, with analysts predicting a potential $1.70 rally if it breaks above $0.80 support. - Integration of AI-driven x402 protocol enhances ADA's interoperability and scalability, positioning it as a leader in AI-blockchain convergence. - Binance data shows growing bullish sentiment, with long/short ratio exceeding 3.0 and top traders increasing ADA long positions. - Maintaining $0.67 support is critical; failure risks a decline to $0.49, but $24.5B
Tim Cook states that Apple is willing to pursue mergers and acquisitions in the field of AI
Perplexity enters into a long-term licensing agreement with Getty Images
Trending news
MoreCrypto prices
More
