Crypto Eyes Rally As Expert Predicts Accelerated Fed Rate Cut Despite Strong Job Data

Quick Summary:

Crypto experts and enthusiasts are expecting the US Fed rate cut by 25 basis points both in November and December.

It seems crypto market is already responding with slow but certain growth.

Meanwhile, the US economy surpassed expectations, according to the Bureau of Labor Statistics (BLS).

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Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaCroatia

Topics: Crypto Market Bull Market Fed rate cut 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 15:55:07 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 756 words

Reading Time: 5 minutes read

Sentences: 52 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22927563

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 27 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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