News
Significance:
6/10

Bitcoin, Ethereum Tumble After Fed Cuts Rates, but Powell Says Another 'Not a Forgone Conclusion'

https://decrypt.co/346555/bitcoin-ethereum-fed-interest-rate-cut

James Rubin, Andrew Hayward

Mentions

Regions

Code
Name
US
🇺🇸United States

Sentiments

Target
Sentiment
Comment
Bearish
Bitcoin prices dropped 1.3% following the Fed's rate cut and Powell's comments.
Bearish
Ethereum prices fell 2.7% in response to the Fed's rate cut and Powell's remarks.
Bearish
The Fed's rate cut and Powell's cautious stance on future cuts weighed on crypto markets.