🚨 LATEST NEWS: THE FED CUTS RATES BY 25 BASIS POINTS

The American Fed has officially reduced the base interest rate by 25 basis points (bps), bringing the new target range to 3.50% - 3.75%.

This anticipated move marks the third consecutive rate cut this year, signaling a shift towards easing monetary policy in the face of slowing inflation and mixed economic data.

What does this mean for cryptocurrencies?

Risk sentiment: Lower interest rates generally increase market liquidity and global risk appetite, which can be beneficial for crypto assets such as Bitcoin and altcoins.

Impact on the USD: The cut could put pressure on the US dollar (USD), potentially prompting institutional investments.