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Bitcoin Surges 2% in Response to Fed's 50 Basis Point Rate Cut

Bitcoin Surges 2% in Response to Fed's 50 Basis Point Rate Cut

Bitget2024/09/18 18:22

On 19 September, according to market data, the Federal Reserve announced a 50 basis point interest rate cut, starting the interest rate reduction cycle, Bitcoin rose 2% in the 2 minutes after the announcement, briefly exceeding $61,000, now quoted at $60,763.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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