Bitcoin hits new ATH as Fed cuts interest rates by 25 bps
Bitcoin spiked to a new all-time high above $76,600 on Thursday amid bullish sentiment around Donald Trump’s election victory. The Federal Reserve’s decision to cut interest rates by 25 basis points and indicate further tightening also buoyed markets.
Bitcoin (BTC) cracked $77,000 and set another new all-time high on Friday, one day after the U.S. Federal Reserve opted to ...
COVID-19 and the panic that ensued ensured that interest rate targeting ... some balancing downward pressure on the Bitcoin price. If the Fed lowers rates, it’ll play into this existing demand ...
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