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

Open USD rattled Circle’s stock, but its key backers still support USDC
1 min read
  • Crypto

Open USD rattled Circle’s stock, but its key backers still support USDC

August 5, 2026
SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings
1 min read
  • Crypto

SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings

August 5, 2026
Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him
1 min read
  • Crypto

Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him

August 5, 2026

You may have missed

SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings
1 min read
  • Crypto

SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings

August 5, 2026
Open USD rattled Circle’s stock, but its key backers still support USDC
1 min read
  • Crypto

Open USD rattled Circle’s stock, but its key backers still support USDC

August 5, 2026
Samsung is poised to become a dominant stablecoin distributor, analysts say
1 min read
  • Crypto

Samsung is poised to become a dominant stablecoin distributor, analysts say

August 5, 2026
Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him
1 min read
  • Crypto

Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him

August 5, 2026
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
Copyright © All rights reserved. | MoreNews by AF themes.