Crypto News Today (Dec 19th, 2024): Fed Signals Slower Rate Cuts, Crypto Market Slumps!

Quick Summary:

Further, Fed Chairman Jerome Powell’s cautious outlook about smaller rate cuts expected in 2025, citing inflationary pressures has sent shock waves across financial markets.

As a result, the crypto industry’s market cap dropped by 3.29% to $3.51 trillion.

The pullback did call price action traders making moves, resulting in the 24-hour trading volume surging 32.99% to $98.26 billion.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Shrishesh Tanksalkar

Category: Crypto

Markets: United States

Topics: Crypto news Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 06:42:32 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 333 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 24544795

View Article Analysis

About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 21 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions