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BTCC / BTCC Square / Global Cryptocurrency /
Why Is The Cryptocurrency Market Up Today?

Why Is The Cryptocurrency Market Up Today?

Author:
Global Cryptocurrency
Published:
2025-01-16 17:13:42
17
3
The market faced a significant correction earlier this month after US jobs data came in better than expected. The development thwarted hopes of an early interest rate cut this year. The cryptocurrency market faced another dip in December 2024 after inflation in the US rose to 2.7%. Consequently, the Federal Reserve took a hawkish stance with its monetary policy to combat rising inflation figures. The Fed announced only two interest rate cuts this year instead of the expected three.

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