Crypto Scoffing at the Latest Fed Interest Rate News?

📈 Cryptocurrency has not (yet) been phased by Jerome Powell and the Fed's decision to halt interest rate cuts for the time being. Interest rates have been a sensitive topic for investors and traders of all sectors, particularly after they were aggressively cut in 2020 (as a reaction to covid) and raised in 2022 (as the pandemic restrictions mostly normalized).

There has been a strong association with these US rate cuts being bullish, and US rate rises being bearish over the past 5 years. However, there may be some easing sensitivity among Bitcoin and crypto market caps as the sector has significantly grown.

The most historic bull cycles in crypto have come when there is minimal reliance on world stock markets. They have been tightly correlated for much of the past 3 years now, but today is a good sign that cryptocurrencies aren't entirely fluctuating as simply 'high leveraged tech stocks', as many skeptics have been claiming.