In a move that could signal a bullish shift for Bitcoin (BTC) and the broader cryptocurrency market, the Federal Reserve (Fed) announced a 25 basis points (bps) interest rate cut, bringing the new rate range to 3. 5% to 3. 75%. Bitcoin Poised To Surge Toward $100,000? Kevin Hassett, the White House economic adviser and a leading candidate to become the next Fed chair, commented to the Wall Street Journal CEO Council that there is “plenty of room” for additional interest rate cuts
source: https://www.newsbtc.com/breaking-news-ticker/bitcoin-outlook-post-feds-0-25-rate-cut-historical-patterns-and-predictions/