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Cryptos rebounded across the board! Bitcoin once surpassed $62,000.
Cryptos rebounded from the heavy sell-off earlier this week and Bitcoin broke through $62,000 on Friday.
Crypto Today: Ripple Outperforms Bitcoin and Ethereum, 20% Rally Likely in XRP
The top three officials of the Federal Reserve are becoming more dovish: The Fed's "crazy journey" has just begun, and the September meeting may reduce interest rates by 50 basis points.
Dudley, who called for a Fed rate cut in July two weeks ago, believes the longer the Fed delays cutting interest rates, the greater the possible economic damage; once in recession, the Fed is unlikely to cut rates immediately, and may cut 25 or 50 basis points in September depending on the data; the interest rate outlook may remain uncertain in the coming months, and there may be greater volatility in the stock and bond markets.
How US Recession Fears Are Impacting Crypto Markets
Crypto Fear and Greed Index: Market Prices at a Buy Zone, or Is It Still Too Risky?
Crypto ETFs Suffer $528 Million Outflows as Digital Asset Losses Increase
