The latest minutes from the Federal Open Market Committee (FOMC) suggest there might be a potential 50 basis point cut in interest rates. This change indicates a more supportive stance from the Federal Reserve in economic matters.
However, despite these signals, Bitcoin has been unable to capitalize on this dovish monetary policy. The cryptocurrency continues to face challenges, with its price action showing little improvement. Observers are keenly watching to see if Bitcoin’s trajectory will shift in response to these potential economic changes.
