Rumors of Fed Rate Cut Spark Crypto Volatility, But No Impact on Markets

A false report suggesting a 50-basis-point interest rate cut from U.S. Treasury Secretary Benson caused market stir. While the rumor lacked factual basis and was quickly debunked, cryptocurrency markets experienced volatility, primarily driven by technical factors unrelated to official policy changes. Focus now lies on upcoming changes in Federal Reserve leadership amidst macroeconomic uncertainties.