Bybit has noted a temporary increase in the cryptocurrency market following the Federal Reserve’s recent rate cut, although this was moderated by cautious remarks from Fed Chair Jerome Powell. The crypto market experienced a brief surge as traders reacted to the announcement of the rate cut. However, the optimism was short-lived due to Powell’s comments, which suggested a careful approach moving forward. Investors appeared to weigh the potential implications of the Fed’s monetary policy on the broader economy and the crypto sector. The mixed sentiment reflects ongoing uncertainty in the market, as participants remain vigilant about future developments.
