Citing @CoinGapeMedia, the cryptocurrency market experienced significant volatility following the Federal Reserve's decision to cut interest rates by 25 basis points. Bitcoin (BTC) fell below the $100,000 mark, triggering widespread sell-offs. Ethereum (ETH) saw a 5% decline, while XRP dropped by 10%. Additionally, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) faced steep declines. In contrast, USUAL emerged as the top gainer, rising by 23%. This market turbulence highlights the sensitivity of cryptocurrencies to macroeconomic changes.
Crypto Market Sees Volatility as BTC Falls Below $100K After Fed Rate Cut
KuCoin News
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.