Auto Added by WPeMatico

Bitcoin Crashes After Fed Rate Cut as Traders Fall for ‘Buy the Rumor, Sell the News’ Trap

The Federal Reserve’s widely expected 0.25% rate cut on Wednesday triggered a wave of volatility across both traditional and crypto markets. Powell’s cautious words spooked crypto markets as Bitcoin briefly…

Continue ReadingBitcoin Crashes After Fed Rate Cut as Traders Fall for ‘Buy the Rumor, Sell the News’ Trap

JPMorgan Expects the Fed to End Quantitative Tightening This Month Amid Liquidity Strains

Strategists at JPMorgan Chase & Co. and Bank of America Corp. expect the Federal Reserve to halt its $6.6 trillion balance sheet reduction this month, ending a liquidity-draining process that…

Continue ReadingJPMorgan Expects the Fed to End Quantitative Tightening This Month Amid Liquidity Strains

Bitcoin Unable to Sustain Above $110K, Zcash (ZEC) Pumps by 10%: Market Watch

The last 24 hours have been more than turbulent for the cryptocurrency sector. Bitcoin (BTC), whose price finally registered a substantial green candle, lost all the gains and briefly tumbled…

Continue ReadingBitcoin Unable to Sustain Above $110K, Zcash (ZEC) Pumps by 10%: Market Watch