Solana could dip to $74 as Fed rate-hike odds hit 99%
Key takeaways Solana (SOL) has declined 9% over the past seven days as US political uncertainty and growing expectations of tighter monetary policy weigh on cryptocurrency markets. CME FedWatch data cited in the report shows the probability of a December Federal Reserve rate hike jumping from 84% to 99%. SOL risks…
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Federal Reserve
The central bank of the United States, which sets US interest rates and supervises banks.
Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.
More about Federal ReserveCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyMore in Economy
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