Shibu Inu's cost potentially rebounds due to ETF discussions and the Federal Reserve's interest rate reduction
The Federal Reserve has made a move to stimulate the economy by cutting interest rates by 25 basis points, as announced after a two-day meeting on Sept. 17. However, the stock markets had mixed reactions to this decision.
The S&P 500 and Nasdaq showed muted reactions ahead of the Fed decision, indicating a possible anticipation of the move. However, the broader stock market did not see significant gains following the announcement, suggesting that the rate cut was already priced in by investors.
In the world of cryptocurrencies, the price of Bitcoin edged above $116,000 after the Fed meeting. This surge could be attributed to the general optimism surrounding the interest rate cut and its potential impact on the economy.
Meanwhile, the crypto market's darling, Shiba Inu, is expected to follow the overall crypto market movement. Short-term targets for its bulls include $0.00001475. Interestingly, Nasdaq announced in early September 2025 that it has filed an application with the US Securities and Exchange Commission (SEC) to develop a Shiba Inu-based exchange-traded fund (ETF).
However, not all news was positive. There is a potential China ban on Nvidia AI chips, which could have significant implications for the tech giant and the AI sector as a whole. This development adds another layer of uncertainty to an already volatile market landscape.
As the economic landscape continues to evolve, investors and market participants will be closely watching the developments in the stock and crypto markets, as well as the potential impacts of geopolitical events such as the China-Nvidia dispute.
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