Bitcoin, Ethereum, Dogecoin Tumble After Fed Leaves Rates Unchanged; Economist David Rosenberg Says Recession Hiding In UPS Earnings: 'Tough To Buy Into That Q4 Government-Massaged GDP Data - Top Headlines Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin fell after the Fed left rates unchanged, signaling a temporary setback. Meanwhile, a new ETF allows investment in major tech stocks, and Binance faces a lawsuit for allegedly aiding terrorists. In the US, market sentiment declined following the Fed's decision, impacting stocks and the Dow. Globally, tensions with Iran and China's cyber activities raise concerns. Economic indicators suggest a looming recession, while in tech, Apple's new products and partnerships draw attention. The electric vehicle sector sees advancements and legal challenges for Tesla.

February 01, 2024 | 1:22 pm
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Bitcoin falls after Fed leaves rates unchanged, indicating a temporary setback for cryptocurrencies.
The Fed's decision to leave rates unchanged has led to a temporary decline in Bitcoin's value, reflecting investor sentiment and potential short-term volatility in the crypto market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Ethereum also tumbles following the Fed's decision to keep rates steady, affecting the broader cryptocurrency market.
Ethereum's decline is part of the broader market reaction to the Federal Reserve's rate decision, indicating short-term challenges for cryptocurrencies.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80