After the September 18 FOMC meeting, the Federal Reserve cut interest rates by 50 basis points for the first time in four years. This decision had a significant impact on Bitcoin's price.
Following the rate cut, Bitcoin's price reached $62,000 during the late New York trading session. This surge highlights a correlation between macroeconomic policy changes and cryptocurrency market movements.
The post discusses the reasons behind Bitcoin's price jolt and its implications for future market trends.