Crypto Markets Rise on Fed Dovishness | CoinDesk Daily

The Fed cut rates by 25 bps. How did the crypto market react? The Federal Reserve has cut its benchmark fed funds rate range by 25 basis points to 4%-4.25%, in its first reduction since December 2024. How did the crypto market react to the dovish Fed outlook? CoinDesk’s Jennifer Sanasie breaks it down in a special “CoinDesk Daily” from Rio de Janeiro. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.