Bitcoin Surges After Fed Rate Cut, Recession Fears Linger
Bitcoin rises above $62K as Fed cuts rate, but traders warn rally may be short-lived amid economic slowdown and geopolitical uncertainty.
Bitcoin rises above $62K as Fed cuts rate, but traders warn rally may be short-lived amid economic slowdown and geopolitical uncertainty.
CoinDesk 20 index fell 1.6% with UNI dropping 4.7%, the biggest laggard. ATOM and LTC were the only two assets trading higher.
Bitcoin price falls below $60K as crypto market awaits expected Fed interest rate cut, with implications for risk assets.
CoinDesk 20 Index sinks 3.7% with 19 of 20 assets falling. Polygon (MATIC) led the decline with a 10.3% drop, while XRP gained 0.6% and Bitcoin fell 2.1%.
CoinDesk Indices report strong performance in the CoinDesk 20, led by XRP (+5.3%) and NEAR (+5.0%) as the index rises 1.2% to 1837.03.
CoinDesk Indices presents a daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index, with Internet Computer and Uniswap as the only gainers.
The latest crypto market moves in context, with Bitcoin and Ether prices dipping ahead of a key U.S. economic indicator.
The CoinDesk 20 index declined 2.1%, with only Uniswap and Litecoin posting gains. MATIC led the index's laggards, plunging 6.9%.