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Federal Reserve Cuts Rates by 25 Basis Points, Boosting Market Hopes
The Federal Reserve has officially reduced interest rates by 25 basis points, a move in line with market expectations. This rate cut is largely seen as a boost to markets, providing additional liquidity that could support risk-sensitive assets like cryptocurrencies.
Initial market reactions are optimistic, with many expecting an increase in investment in cryptocurrencies and altcoins, particularly due to the liquidity boost. XRP and other altcoins have experienced price jumps, but some caution remains about the sustainability of these gains if inflation doesn’t cool.
According to multiple analysts, including André Dragosch of Bitwise, the liquidity injection is likely to drive investors toward altcoins, rather than the more stable Bitcoin. However, experts like Haider Rafique of OKX remind investors that the Federal Reserve’s actions also signal ongoing vigilance regarding inflation.
Source: www.crypto-news.net
