Crypto Market Unmoved by Fed Rate Cut; Powell Keeps Door Open to More

Will the Federal Reserve cut the rates in September? Market seems to have changed its view. | Credit: Chip Somodevilla/Getty Images Key Takeaways The FOMC announced its first rate cut of the year by 25 bps. Crypto markets showed little reaction, with Bitcoin and Ethereum posting modest gains. Powell signaled the possibility of at least two more cuts later this year. On Tuesday, the U.S. Federal Reserve delivered its first interest rate cut of 2025, trimming the federal funds rate by 25 basis poin ...