Bitcoin's price has surged following a 50 basis points (bps) rate cut announced by the Federal Open Market Committee (FOMC). This monetary policy move has had a positive effect on the broader cryptocurrency market.
Alongside Bitcoin, the BRC-20 ORDI coin has also experienced a price increase, mirroring Bitcoin's upward trend. These developments highlight the sensitivity of cryptocurrency markets to changes in traditional financial policies.
Investors closely monitor such announcements as rate cuts can lead to increased liquidity, which often boosts cryptocurrency prices.
