Federal Reserve Adjusts Monetary Policy Amid Market Volatility and Cryptocurrency Uncertainty
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1 min read
**Fed Decides to Slow Rate Cuts as Bitcoin Plunges**
In a surprising move, the Federal Reserve has announced that it will slow down its pace of interest rate cuts in response to persistently high inflationary pressures. This decision comes amid concerns over the potential risks associated with rapid monetary tightening.
As markets continue to fluctuate, cryptocurrency prices are also experiencing significant shifts, with Bitcoin (BTC) plummeting to $94,129 according to CoinGecko data at press time. The decline in the leading digital asset’s value has sparked fears of a potential collapse in the broader crypto market.
**Source:**
Source: u.today
