| Time | Details |
|---|---|
| 2024-09-04 14:29 |
Bank of Canada Rate Cut and U.S. Stock Market Decline Impact Crypto Market
According to @GreeksLive, the Bank of Canada has announced a 25 basis point rate cut, which aligns with market expectations. Concurrently, the U.S. stock market opened lower, significantly impacted by Nvidia's 20% loss over the past week. This macroeconomic environment and the downturn in U.S. stock markets are also negatively affecting the cryptocurrency market. (Source) |
| 2024-09-04 14:29 |
Bank of Canada Rate Cut and U.S. Stock Market Decline Impacting Crypto Market
According to GreeksLive, the Bank of Canada announced a 25 basis point rate cut, aligning with market expectations. Concurrently, the U.S. stock market opened lower, with Nvidia experiencing a 20% loss over the past week. These macroeconomic factors are negatively affecting the cryptocurrency market. (Source) |