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Why Bitcoin Price Jolts After Fed’s First Interest Cut in 4 Years Coingape há 1 dia

Why Bitcoin Price Jolts After Fed’s First Interest Cut in 4 Years 📈

FOMC USA Bitcoin Federal Reserve

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.

Source: coingape.com ↗

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Resumo

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