Altcoins were the better performer after the Fed's decision to lower rates on Wednesday.Cryptocurrencies excluding ether and bitcoin have risen 5.7% since the decision was announced while bitcoin is up 4.4%.Experts say this divergence isn't unusual, given altcoin's poorer liquidity and higher beta.Bitcoin {{BTC}} may have outperformed stocks in the aftermath of the Federal Reserve’s decision to lower interest rates...

In the face of a $35 trillion federal debt crisis, global asset manager BlackRock Inc ( BLK ). strategically advocated for Bitcoin (CRYPTO: BTC) as a safeguard, potentially raising the upside potential of the world’s largest cryptocurrency. What Happened: BlackRock ( BLK ) noted concerns about the spiraling $35 trillion U.S. fiscal deficit, attributing it as a significant driver of...

The past week was a rollercoaster ride for the financial world, with the Federal Reserve making a bold move, retail sales showing unexpected resilience, and prominent voices sharing their views on the economy. Here’s a quick recap of the top stories that made headlines. Federal Reserve Slashes Interest Rates In a surprising move, the Federal Reserve cut interest rates by...

02:55 PM EDT, 09/20/2024 (MT Newswires) -- Federal Reserve Governor Christopher Waller (voter) said in an interview with CNBC that inflation is slowing faster than expected, leading him to vote for the 50-basis-point rate cut that the rate-setting committee announced at the Sept. 17-18 meeting, and that the Fed is not behind the curve on reducing rates. Fed Governor Michelle...