Bank of Canada Rate Cut and U.S. Stock Market Decline Impact Crypto Market

9/4/2024 2:29:31 PM

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)

cryptocurrency market Bank of Canada Nvidia U.S. stock market

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