The U.S. Federal Reserve announced a 25-basis-point rate cut on Wednesday, but crypto prices still slumped. A lower federal funds rate makes borrowing costs more affordable, stimulating financial activity. Rate cut announcements typically boost the prices of riskier assets. Neither crypto nor equities followed that script on Wednesday, however. A potential reason? In a speech […]
Bitcoin Hits New Highs Daily, but Experts Warn It’s a ‘Crisis Mode’ Rally
Bitcoin’s historic rally continues with no signs of slowing down. The world’s most famous cryptocurrency hit an all-time high overnight from Sunday to Monday, briefly surpassing the symbolic threshold of $123,000 before pulling back slightly. By 6:00 a.m. ET, it was hovering around $122,013, according to data from CoinGecko. This staggering surge marks a more […]