Reported 18 days ago
On October 14, the crypto market faced a downturn with Bitcoin dropping below $112,000 and Ethereum falling by 4%. Traders are cautious ahead of Federal Reserve Chair Jerome Powell's policy speech, the first since the recent interest rate cut. With uncertainty caused by the U.S. government shutdown halting key economic reports, investors are on the lookout for signals regarding future interest rates, which may influence the crypto market's direction. Amid this volatility, a record $310 billion in stablecoins suggests potential buying power for the next wave of promising cryptocurrencies.
Source: YAHOO