Following the FOMC decision, several key macro assets have reacted positively. The U.S. Dollar Index (DXY) rose by 0.36%, pushing the index back above 101, a level widely regarded as vital. Meanwhile, the USD/JPY exchange rate, which had dropped to around 141 just before the Fed’s announcement, has since climbed to approximately 143.5. The weakening yen has further bolstered risk-on assets, including cryptocurrencies.
Related posts
-
How Solana Meme Coin Reached a $300m Market Cap?
Ponke, launched in December 2023, quickly grew its market cap to over $300 million, becoming the... -
Chris Pavlovski Stirs the Crypto Pot—Should the Video Platform Rumble Hold Bitcoin?
On Tuesday, shortly before bitcoin (BTC) reached a lifetime high of $94,057 per coin, Rumble CEO... -
Trump Said to Consider Crypto Lawyer Teresa Goody Guillén to Lead SEC
Trump has named his transition team co-chair, Cantor Fitzgerald CEO Howard Lutnick, as commerce secretary. Earlier,...