Crypto Market Awaits FOMC; How Will US Fed Rate Cut Impact Bitcoin & Altcoins?

Quick Summary:

The crypto market eagerly awaits the upcoming FOMC interest-rate decision by the US Federal Reserve this week.

It is one of the highly anticipated events this week, which is expected to shape the sentiments in the digital assets space, potentially setting the path for Bitcoin and other altcoins.

This has also sparked investors’ hopes towards a potential rally for Bitcoin price and other top altcoins.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Bitcoin (BTC) Price 24/7 Cryptocurrency News FOMC Meeting Crypto Market Altcoin Bitcoin News Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 02:30:19 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23373065

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 37 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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