Crypto edges up as Fed hike odds cool before Sept. 16
Sentiment in cryptocurrency markets improved as expectations for a quarter-percentage Federal Reserve rate hike in the Sept. 16 FOMC decision eased. The move was accompanied by easing global bond yields and a weaker U.S. dollar.
WASHINGTON (dpa-AFX) - Diminishing expectations of a quarter-percentage rate hike by the Federal Reserve in the FOMC decision to be announced on September 16 boosted sentiment in cryptocurrency markets.
The easing in global bond yields, the U.S. dollar's retreat as well as hopes of favorable regula…