Following the recent announcement by the Federal Open Market Committee (FOMC) to maintain interest rates at current levels, the cryptocurrency markets have staged a robust rebound. Traders are feeling bullish, buoyed by the decision’s positive impact on both equities and the correlation between cryptocurrency and the S&P 500. 🇺🇸📈 After […]
Tag: FOMC
Ethereum Slips Below $2300 After FOMC Meeting; Celsius Announces Crypto Distribution
Following the latest FOMC Meeting, Ethereum, the second-largest cryptocurrency, experienced a downturn in Thursday’s trading session amid market volatility. The price of ETH plummeted by 3% intraday, breaching the crucial $2300 support level. Despite the challenging market conditions, Ethereum continues to advance its core changes, notably with the upcoming 2024 […]
Economic headwinds are expected during 2021
Economic markets are still reacting to changing pandemic news, which might mean “significant economic headwinds in the near terms largely driven by covid 19”, said Kristina Hooper, Chief Global Market Strategist at Invesco. She sees both optimism and pessimism in the near future for the market. As stocks are to […]