Crypto Cross-Pairs Surge, Fed Rate Cuts Eyed

Cryptocurrency markets are showing signs of life, with notable gains in cross-pairings like ETH-BTC and ADA-BTC. Bitcoin briefly surged to $94,500 but has since pulled back. Other tokens like Ether, Cardano, Monero, and Zcash also saw significant increases. The Federal Reserves interest rate decision and Chair Jerome Powells stance could impact these gains. Meanwhile, a Supreme Court decision on former President Trumps tariffs could ease inflation worries and trade uncertainty. The International Monetary Fund warned about stablecoins risks, and a new crypto market bill faced criticism. In traditional markets, silver reached a record high, and the ten-year Treasury yield climbed.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.