November 7 US Federal Reserve System (FRS) lowered key rate range by 25 bps. p., up to 4.5-4.75% per annum. This is the second such move after a 0.5% decline in September.
The decision coincided with market expectations and the consensus forecast of analysts.
Against the backdrop of the Fed’s decision, the first cryptocurrency maintained its position above the $76,000 level.
Top altcoins remain stable after significant growth in the last few days:
At the time of writing, cryptocurrency market capitalization is $2.68 trillion.
According to The Wall Street JournalDonald Trump’s victory in the US presidential election may require a change in Federal Reserve policy. It is highly likely that this will happen at the meeting in December along with the publication of updated macroeconomic forecasts.
At the current meeting, Powell will likely refrain from making clear signals regarding issues related to the course of the new head of state, the publication indicated.
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Source: Cryptocurrency
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