The crypto markets saw another red day yesterday, marking two consecutive days of decline following the US Federal Reserve\u2019s announcement of its final rate cut of the year. This downtrend can be attributed to the Fed scaling back its target of four rate cuts next year to only two, accompanied by hawkish commentary. While the S&P 500 remains in positive territory, riskier assets like BTC and ETH have taken a significant hit. SOL has also dropped below $200, erasing all of its post-election gains.<\/p>\n\n\n\n
Meanwhile, Aptos Labs\u2019 co-founder, Mo Shaikh, has announced his resignation as CEO. Avery Ching will step into the CEO role following Shaikh\u2019s departure. Despite this leadership change, the price of APT has remained relatively stable, declining by just 2%, even as other coins face sharper losses.<\/p>\n","protected":false},"excerpt":{"rendered":"
The crypto markets saw another red day yesterday, marking two consecutive days of decline following the US Federal Reserve\u2019s announcement of its final rate cut of the year. This downtrend can be attributed to the Fed scaling back its target of four rate cuts next year to only two, accompanied by hawkish commentary. While the […]<\/p>\n","protected":false},"author":93,"featured_media":42996,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-43670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=43670"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43670\/revisions"}],"predecessor-version":[{"id":43673,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43670\/revisions\/43673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/42996"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=43670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=43670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=43670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}