"Recently, Federal Reserve Chairman Jerome Powell announced a cut in interest rates by 25 basis points, prompting widespread speculation and analysis within the financial markets. As investors and economists consider the implications of this decision, many are particularly interested in how this change in monetary policy has influenced the performance and behavior of Bitcoin and other cryptocurrencies in both the short term and longer term. What factors contributed to their reactions, and how do these developments reflect the broader trends in the cryptocurrency market?"
source: https://blocknews.com/fed-jerome-powell-cuts-interest-rates-by-25-bps-how-did-bitcoin-and-crypto-react/