Fed Jerome Powell Cuts Interest Rates by 25 BPS: How Did Bitcoin and Crypto React?

Federal Reserve Chairman Jerome Powell announced a reduction in interest rates by 25 basis points. This significant decision has sparked interest in the financial markets, leading many to closely observe how Bitcoin and other cryptocurrencies responded to this change in monetary policy. In light of this rate cut, what were the immediate and longer-term impacts on the performance of Bitcoin and the broader cryptocurrency market? Let's explore the reactions, trends, and potential implications of this development for digital assets. source: https://blocknews.com/fed-jerome-powell-cuts-interest-rates-by-25-bps-how-bitcoin-crypto-react/