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Bitcoin, Ethereum, Dogecoin Surge As Fed Predicts 2024 Rate Cuts: Analyst Foresees ‘Bounce’ For King Crypto, Predicts $50K Levels

Published by
Benzinga

The cryptocurrency market experienced mixed trading on Wednesday evening, largely influenced by the Federal Reserve’s (Fed) announcement of potential interest rate cuts in the upcoming year. What Happened: Bitcoin witnessed a significant rebound, surpassing $43,000 on Wednesday, and again back to levels below $43k. This marks the first time since Monday’s flash crash, which, in turn, uplifted the overall crypto market. The Federal Reserve, during the DecemberFederal Open Market Committee (FOMC), maintained the rate at a range of 5.25%-5.5%. However, they projected a gradual reduction in the ra…

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