Crypto prices turned higher after the Federal Reserve released its latest rate decision on July 30, while moves across broader markets also shifted quickly. According to BlockBeats, losses in the three major U.S. stock indexes narrowed after the announcement. The Dow Jones Industrial Average was down 1.09%, the S&P 500 fell 0.15%, and the Nasdaq turned positive.
In crypto, Bitcoin briefly gained more than 0.7% and Ether rose more than 1.15%. At the same time, spot gold jumped $20 in a short move, reaching as high as $4,064 per ounce. The U.S. Dollar Index, or DXY, dropped nearly 27 points to 101.1.
The report captures a broad cross-asset reaction immediately after the Fed decision, with crypto and gold moving up while the dollar weakened.
After the Federal Reserve released its rate decision on July 30, losses in the three major U.S. stock indexes narrowed, according to BlockBeats. The Dow Jones Industrial Average was down 1.09%, the S&P 500 fell 0.15%, and the Nasdaq turned positive.
The crypto market also rebounded. Bitcoin briefly rose more than 0.7%, while Ether gained more than 1.15%. Spot gold climbed $20 in a short move and reached as high as $4,064 per ounce. The U.S. Dollar Index (DXY) fell nearly 27 points to 101.1.
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