Skip to content

CryptoVert Blockchain App for iOS

Bitcoin, NFTs, News, and more!

Primary Menu
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
  • Home
  • Crypto
  • Fed Cuts Interest Rates by 50 Basis Points, Bitcoin Briefly Hits $61K Before Selloff
  • Crypto

Fed Cuts Interest Rates by 50 Basis Points, Bitcoin Briefly Hits $61K Before Selloff

cryptovert September 19, 2024 1 min read

In
the
minutes
following
the
FOMC
decision,
the
price
of
bitcoin

(BTC)

shot
up
1.2%
to
$61,000,
then
fell
below
$60,000,
mostly
flat
over
the
past
24
hours.
U.S.
equities
erased
all
their
early
gains
on
the
Fed
decision,
with
the
tech-heavy
Nasdaq
100
and
the
S&P
500
closing
the
session
lower
by
0.3%.
Gold
first
surged
to
hit
a
new
all-time
high
over
$2,600,
then
retraced
to
end
the
day
in
the
red.

Meanwhile,
the
U.S.
dollar
index
(DXY)
tumbled
to
100.3,
its
weakest
level
since
July
2023,
then
shot
back
up
to
101.
It’s
a
key
metric
to
watch
for
gauging
risk
asset
prices,
according
to
CoinDesk
analyst
James
Van
Straten.

Continue Reading

Previous: Decentralized AI Society Launched to Fight Tech Giants Who ‘Own the Regulators’
Next: Arthur Hayes: ‘If They Go 50, That Will Be a Nuclear Catastrophe for Financial Markets’

Related Stories

Polymarket names former Amazon finance chief Warren Jenson as its first CFO
1 min read
  • Crypto

Polymarket names former Amazon finance chief Warren Jenson as its first CFO

September 11, 2026
Europe’s top regulator questions Polymarket and Kalshi’s EU access, warns of authorization gaps
1 min read
  • Crypto

Europe’s top regulator questions Polymarket and Kalshi’s EU access, warns of authorization gaps

September 11, 2026
OKX brings OpenAI and Anthropic bets to Europe as pre-IPO trading grows
1 min read
  • Crypto

OKX brings OpenAI and Anthropic bets to Europe as pre-IPO trading grows

September 11, 2026

You may have missed

New Clarity Act text tweaks DeFi, credit union provisions, but road ahead for bill remains murky
1 min read
  • Crypto

New Clarity Act text tweaks DeFi, credit union provisions, but road ahead for bill remains murky

September 11, 2026
Why a new SEC plan could ease a legal headache for tokenized securities
1 min read
  • Crypto

Why a new SEC plan could ease a legal headache for tokenized securities

September 11, 2026
OKX brings OpenAI and Anthropic bets to Europe as pre-IPO trading grows
1 min read
  • Crypto

OKX brings OpenAI and Anthropic bets to Europe as pre-IPO trading grows

September 11, 2026
Europe’s top regulator questions Polymarket and Kalshi’s EU access, warns of authorization gaps
1 min read
  • Crypto

Europe’s top regulator questions Polymarket and Kalshi’s EU access, warns of authorization gaps

September 11, 2026
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
Copyright © All rights reserved. | MoreNews by AF themes.