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Crypto Market Down As US Fed Hikes Interest Rate By 25 bps
By Anvesh Reddy at 2025-01-31 15:35
Sentiment: Positive
Crypto News: The US Fed’s Federal Open Market Committee (FOMC) delivered a 25 bps hike on expected lines, taking the current target rate from 450-475 bps to 475-500 bps. The central bank said indicators point to modest growth in spending and production. More importantly, the Fed said the U.S. banking system is sound and resilient. The post Crypto Market Down As US Fed Hikes Interest Rate By 25 bps appeared first on CoinGape. Continue reading...
Categories: Altcoin News
Tags: #Altcoin News #Bitcoin News #Regulation News #Bitcoin #Crypto Market #United States
Source CoinGape