Ethereum (ETH) is trading above $2,330 on Wednesday as the market is recovering following the Federal Reserve's (Fed) decision to cut interest rates by 50 basis points.
Ethereum attempts recovery following first rate cut in four years Ethereum is trading above $2,330 on Wednesday as the market is recovering following the Federal Reserve's decision to cut interest rates by 50 basis points. Meanwhile, Ethereum exchange-traded funds recorded $15.1 million in outflows. XRP pulls back 4% even as Ripple releases details of stablecoin RLUSD Ripple shared details of its stablecoin project Ripple USD in a blog published on Tuesday.
The cross-border payment remittance firm discusses relevant legislation and plans to support the digital asset economy through RLUSD. Bitcoin traders keep powder dry ahead of Fed decision on interest rates Bitcoin retraces slightly, trading above $59,000 on Wednesday, as crypto markets brace for the upcoming interest-rate decision by the US Federal Reserve , which is expected to lower interest rates for the first time in more than four years.
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