The Federal Open Market Committee (FOMC) of the Federal Reserve slashed interest rates by 50 basis points. This decision has fueled a recovery in Bitcoin prices, as investors turn to risk-on assets.
The move to lower rates has increased demand for assets like Bitcoin, suggesting a positive outlook for the cryptocurrency market in Q4.
This shift towards risk-on assets indicates a more favorable environment for cryptocurrencies moving forward.
Kaynak: 99bitcoins.com ↗