Dogecoin (DOGE) is paring losses around the daily open of $0.0935 on Friday, as cryptocurrencies post mild gains following a widespread pullback, driven by sentiment-related volatility stemming from the Middle East war and the hawkish stance of the Federal Reserve (Fed) on interest rate cuts in 2026.
The Fed left interest rates unchanged in the 3.50%-3.75% range on Wednesday, meeting market consensus. Fed Chair Jerome Powell further dampened sentiment, saying that there was no rush to cut rates and that the central bank continues to monitor the impact of the Iran war on the economy.
As Oil and energy prices surged, Gold, Silver and risk assets like crypto and stocks plunged, reflecting growing risk-off sentiment across global markets. The Fear & Greed index fell to 11 on Friday, in…
more
Source www.fxstreet.com
Terms of use and third-party services. More here.