Friends, that's how it was. The FED cut rates, as the markets reacted, although the cut can be considered a little aggressive, it is within the expected range of 0.25 and 0.50%, which is below the request made by US Senator Elizabeth Warren, who said that the economy needed this first reduction to be 0.75%, precisely in light of the potential risks to the labor market, whose indicators have been flattening session after session.
The rate cut was said to be favorable to cryptocurrencies, especially Bitcoin, but there were conflicting opinions as to whether the cut was aggressive. So far, Bitcoin and other cryptocurrencies are trending upwards.
Sharp upward reaction as the market feels some relief after weeks of fluctuations between 25 and 50 basis points. It should be noted that such a decision has not been taken since COVID.
Friends, we must continue to monitor market behavior and what happens in the elections. Of course, the regulation of cryptocurrencies will also be decisive in the reaction and volatility of crypto assets.
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