Institution: The market is still digesting last week's hint of a rate cut by Powell
Bitget2024/08/27 23:10
Cryptocurrencies are generally falling, with Bitcoin breaking the $60,000 mark and dropping close to the $58,000 level. In addition, Ethereum once plummeted sharply, with its intraday decline expanding to 10%. Institutional analysis believes that major tokens are digesting the boost obtained last week from hints by Federal Reserve Chairman Powell that the Fed will lower benchmark interest rates from a more than twenty-year high.
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