Last week, in a significant move, the US Federal Reserve lowered the rate by 0.5%, its first reduction since March 2020, indicating economic concerns.
This rate cut may enhance capital availability for riskier assets, including cryptocurrencies, which could be seen as a positive development for the crypto community.
Historical trends show that significant Fed rate cuts often correlate with economic struggles, as seen during the early 2000s and the Great Recession.
Despite the potential benefits for investing, the cut signifies underlying issues in the global and U.S. economies, necessitating caution in interpreting its implications.
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