Bitcoin, altcoins slip as the Fed lowers interest rates by 25 basis points

The US Fed has cut rates by 25 bps, signaling a softer monetary stance. Bitcoin price is down 3% to $111,400 as traders digest the policy move. Fed to end the quantitative tightening on December 1 source: https://coinjournal.net/news/bitcoin-altcoins-slip-as-the-fed-lowers-interest-rates-by-25-basis-points/