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TheCoinRepublic

S&P 500 Hits New Highs After Rate Cut As Crypto Market Stays Muted

Key Insights: The S&P 500 closed above 6,900 for the first time. This came right after the Fed cut interest rates by 25 basis points. A rate cut means borrowing becomes cheaper. When borrowing becomes cheaper, money often moves into risk assets. Stocks reacted quickly. But the crypto market did not show the same move, [...]The post S&P 500 Hits New Highs After Rate Cut As Crypto Market Stays Muted appeared first on The Coin Republic.

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