Ethereum falls to $2,309 as US ETF outflows persist and Coinbase premium drops

Ethereum declined to $2,309 on Thursday after briefly rising to $2,350, following the Federal Reserve’s decision to maintain its benchmark interest rate between 3.75% and 4.00%. The Federal Open Market Committee voted 10 to 2 in favor of holding rates steady, after a 25-basis-point increase in September. Committee officials characterized economic activity as continuing at a solid pace, though they highlighted ongoing geopolitical uncertainty and stated that inflation remains at an elevated level. Members said incoming data would determine future monetary policy as the Fed seeks to return inflation closer to its 2% target. Market participants had widely expected the outcome, with CME FedWatch data indicating more than a 90% probability that rates would remain unchanged.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.