The Federal Reserve didn’t hike rates of interest in its assembly on Sept. 20 however hinted that charges might stay greater for longer. On the post-meeting press convention, Fed Chair Jerome Powell cautioned that “the method of getting inflation sustainably right down to 2% has a protracted option to go.”
This attainable state of affairs might have triggered the sell-off in the US equities markets and likewise within the cryptocurrency area. Threat belongings usually are inclined to underperform in a high-interest-rate setting.
Proceed Studying on Coin Telegraph