Why Is Crypto Down Today? Let’s Dive In

TLDR Federal Reserve delivered 25 basis point rate cut Wednesday, sending Bitcoin from $94,400 down to $92,000 Powell warned inflation battle continues while expressing concern about weakening labor market conditions Fed will buy $40 billion in Treasury securities starting Friday in shift from three years of balance sheet reduction Stock futures dropped after hours with [...]

The post Why Is Crypto Down Today? Let’s Dive In appeared first on Blockonomi.