

Powell Says Fed Would Cut Rates Before Inflation Falls to 2% Target, but Crypto Markets Shrug
Traders who are feeling optimistic about the prospect of lower borrowing costs are likely still taking a cautious stance on digital assets and focusing on pockets of the equity market instead
Federal Reserve Chair Jerome Powell said on Wednesday that the central bank would be willing to cut interest rates before inflation falls in line with its 2% target, a statement that did little to move crypto markets.
Traders who are optimistic about the prospect of lower borrowing costs are likely still taking a cautious stance on digital assets and focusing on pockets of the equity market instead, according to FxPro analyst Alex Kuptsikevich.
“It seems that all the market bulls have moved on to U.S. and Japanese equities, avoiding cryptocurrencies…Fear remains the main driver of the market,” he wrote in a research note.
Ether (ETH), which is the second-largest cryptocurrency in terms of market cap, rose 0.7% to $3,116.
Among so-called altcoins, Solana (SOL) fell 0.9% to $142, while Cardano (ADA) rose 2.7% to 39 cents. Dogecoin (DOGE) dropped 0.5% to 11 cents.
The above is the detailed content of Powell Says Fed Would Cut Rates Before Inflation Falls to 2% Target, but Crypto Markets Shrug. For more information, please follow other related articles on the PHP Chinese website!

The decision was made in part because a “path to profitability” was unrealistic, Gitcoin co-founder Kevin Owocki said in a statement.

The XRP price has stabilized at $2.13, with a 24-hour trading volume of $2.33 billion. However, its momentum has slowed, leaving investors seeking the next top crypto pick.

Investor and CEO Cathie Wood's ARK Invest firm projects that Bitcoin could reach $1.5 million per coin by 2030

"For cryptocurrencies, market liquidity, even if it may seem ok at times, is especially during crises naturally called into question"

As the US President Donald Trump announced a 90-day delay for the tariffs on cryptocurrency imports, speculators and investors began to outline potential risks to the broader cryptocurrency market.

This Olympics-themed coin is highly sought after by collectors if it features a specific design.

This coin is highly prized by collectors if it features a specific design.

This Olympics-themed coin is highly sought after by collectors if it features a specific design.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Safe Exam Browser
Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

Notepad++7.3.1
Easy-to-use and free code editor

SAP NetWeaver Server Adapter for Eclipse
Integrate Eclipse with SAP NetWeaver application server.

SublimeText3 Chinese version
Chinese version, very easy to use

EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function
