Fed Uncertainty Sinks Dogecoin Price

Dogecoin price has experienced a recent setback, sliding 3.5% today, as the crypto market grapples with shifting macroeconomic trends. This decline follows Federal Reserve Chair Jerome Powell’s statements suggesting that December rate cuts may not be guaranteed. Market expectations, previously anticipating a 90% chance of further easing, have drastically shifted to around 56%. This abrupt change has ripple effects across various assets, including stocks, Bitcoin, and meme coins like Dogecoin. Investors are currently opting for more stable positions as uncertainty surrounding the Federal Reserve’s policy direction looms large.