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Crypto Market Jumps $80B Today After Fed Rate Cut at FOMC Meeting
Crypto Market Jumps $80B Today After Fed Rate Cut at FOMC Meeting
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BTCCSquare news:
The cryptocurrency market surged by $80 billion following U.S. Federal Reserve Chair Jerome Powell's announcement of a rate cut. Altcoins spearheaded the rally, driving the total market capitalization up 0.9% to $4.18 trillion, with trading volumes reaching $194 billion.
Investor sentiment turned decisively bullish as the Fed's dovish pivot injected liquidity into risk assets. The MOVE underscores crypto's growing correlation with macroeconomic policy shifts, particularly in periods of monetary easing.
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