The US Federal Reserve (FED) decided to keep the interest rate unchanged at its current level. Economists expect more evidence that inflation is approaching the bank's target of 2%. While this step did not lead to a major change in the markets, it signaled that the economic recovery process will continue to be monitored.
Tether released its financial report for the second quarter of 2024, revealing that the company made a profit of $5.2 billion in the first half of 2024.
At the time of writing, Bitcoin (BTC) is trading at $64,128 and Ethereum (ETH) is trading at $3,180.
The fear and greed index is neutral at “57”.
Important developments during the day:
Astar (ASTR): “AIRian Avatar” NFTs will be implemented.
General Market Activity: US “Applications for Unemployment Benefits” data will be released.
