Fed Cuts Interest Rates: How did $BTC, $DOGE & $XRP React

Fed Cuts Interest Rates: How did $BTC, $DOGE & $XRP React? Read the Disclaimer before you proceed The Federal Open Market Committee cuts its overnight borrowing rate to a range of 4.25% - 4.5% back to ots December 2022 level. But how did $BTC, $XRP & $DOGE react to this news? $BTC is down by -5% $XRP is down 11% $DOGE is down 11% Summary: These 3 cryptocurrencies shed 5% - 11% but still bounced off on their 20 day moving averages. $DOGE - 🔻11% $BTC - 🔻 5% $XRP - 🔻 11% Conclusion: There can short term effects on $BTC, $XRP & $DOGE on economic news and whales moving their assets. Always stick to your trading plan and exit strategies. We plan both our profits and risks when trading.