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

Robinhood stock falls 8% after big earnings miss due to weak crypto trading revenue
1 min read
  • Crypto

Robinhood stock falls 8% after big earnings miss due to weak crypto trading revenue

April 29, 2026
CFTC sues Wisconsin in agency’s legal campaign defending prediction markets authority
1 min read
  • Crypto

CFTC sues Wisconsin in agency’s legal campaign defending prediction markets authority

April 29, 2026
Paul Tudor Jones calls bitcoin the ‘best inflation hedge,’ warns of overvalued stocks
1 min read
  • Crypto

Paul Tudor Jones calls bitcoin the ‘best inflation hedge,’ warns of overvalued stocks

April 29, 2026

You may have missed

Robinhood stock falls 8% after big earnings miss due to weak crypto trading revenue
1 min read
  • Crypto

Robinhood stock falls 8% after big earnings miss due to weak crypto trading revenue

April 29, 2026
Paul Tudor Jones calls bitcoin the ‘best inflation hedge,’ warns of overvalued stocks
1 min read
  • Crypto

Paul Tudor Jones calls bitcoin the ‘best inflation hedge,’ warns of overvalued stocks

April 29, 2026
CFTC sues Wisconsin in agency’s legal campaign defending prediction markets authority
1 min read
  • Crypto

CFTC sues Wisconsin in agency’s legal campaign defending prediction markets authority

April 29, 2026
World Cup fever: Chiliz expands to Solana and Base to supercharge fan token trading
1 min read
  • Crypto

World Cup fever: Chiliz expands to Solana and Base to supercharge fan token trading

April 29, 2026
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
Copyright © All rights reserved. | MoreNews by AF themes.