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

9/4/2024 2:29:31 PM

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)

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

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