$BTC Crypto enthusiasts did not express enthusiasm for the Fed's decision, although it theoretically encourages increased risk appetite. The thing is, Powell did not announce anything extraordinary. The 25 basis point rate cut fully aligned with the consensus forecast. However, the Fed chair's speech itself did not particularly inspire crypto investors. Powell stated that there is complete uncertainty in the economy. Statistical data for October and half of November has not yet been collected due to the shutdown that affected U.S. government agencies. Additionally, concerns remain regarding President Donald Trump's import tariffs policy.

BTC0.57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)