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Bitcoin price attempts to turn the tide after Fed’s 0.5% rate cut Cointelegraph 18 Sep 2024

Bitcoin price attempts to turn the tide after Fed’s 0.5% rate cut 💹

USA Bitcoin Federal Reserve

Bitcoin price rallies to $61,000 after the US Federal Reserve cuts rates by 50 basis points for the first time since 2020.

This rate cut is notable as it is the first significant change by the Federal Reserve since the onset of the COVID-19 pandemic.

Investors are closely watching Bitcoin's price movements in response to the new monetary policy.

This surge in Bitcoin's price may reflect broader market trends and increased investor confidence.

Source: cointelegraph.com ↗

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