Bitcoin has reached a new all-time high (ATH) in its market value, marking a significant milestone for the cryptocurrency. This recent surge in Bitcoin’s price correlates closely with the Federal Reserve’s latest decision to cut the interest rate by 35 basis points.
The Federal Reserve’s rate cut appears to have played a pivotal role in driving up the demand and price of Bitcoin, as investors seek alternative assets amidst monetary policy changes. This development showcases the intricate link between traditional financial policy decisions and the cryptocurrency markets.
Источник: en.cryptonomist.ch ↗
