macroeconomics
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Bitcoin Skyrockets as Fed Slashes Rates—Will $70K Be Next?
- September 19, 2024
- Posted by: Gordon
- Category: Crypto Market, ICO Blog, IGH News, Market Insights, Market News
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Bitcoin has once again shown its resilience, rallying to over $62,000 after the U.S. Federal Reserve announced its first interest rate cut in over four years. The Fed’s decision to reduce the benchmark interest rate by 50 basis points has sent shockwaves across financial markets, with Bitcoin quickly benefitting from the move. Fed’s Rate Cut
