Altcoins Move Higher As Market Expects Another 50 Basis Point Rate Cut In November
The Federal Reserve has already cut interest rates in the U.S. by 50 basis points in its September FOMC meeting. With the ink hardly dry on the announcement, the market is forecasting the same again in the Fed’s November meeting. Risk assets are likely to be big beneficiaries of such a move, and altcoins are putting on gains in anticipation.
Altcoins Move Higher As Market Expects Another 50 Basis Point Rate Cut In November
The Federal Reserve has already cut interest rates in the U.S. by 50 basis points in its September FOMC meeting. With the ink hardly dry on the announcement, the market is forecasting the same again in the Fed’s November meeting. Risk assets are likely to be big beneficiaries of such a move, and altcoins are putting on gains in anticipation.
Hui said the messages, which included urging the disruption of airport operations, were attempts to incite followers to make use of poisonous, corrosive or flammable substances to vandalize police vehicles, and also called on others to make weapons to harm police. As the broader market downturn continues, yelling online has become the crypto trader’s latest coping mechanism after the rise of Goblintown Ethereum NFTs at the end of May and beginning of June, where holders made incoherent groaning sounds and role-played as urine-loving goblin creatures in late-night Twitter Spaces. In handing down the sentence yesterday, deputy judge Peter Hui Shiu-keung of the district court said that even if Ng did not post the messages, he cannot shirk responsibility as the owner and administrator of such a big group for allowing these messages that incite illegal behaviors to exist. It’s yet another bloodbath on Satoshi Street. As of press time, Bitcoin (BTC) and the broader cryptocurrency market have corrected another 10 percent amid a massive sell-off. Ethereum (EHT) is down a staggering 15 percent moving close to $1,000, down more than 42 percent on the weekly chart. As of Thursday, the SUCK Channel had 34,146 subscribers, with only one message dated August 28, 2020. It was an announcement stating that police had removed all posts on the channel because its content “contravenes the laws of Hong Kong.”
from us
