Bitcoin rises after Fed cuts interest rate by 50 basis points

Bitcoin rose 1.2% after the Federal Reserve decided to cut its key policy rate by half a percentage point, the first cut in over four years. The largest cryptocurrency is trading at around $60,475 ...

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Bitcoin Rises After Fed Cuts Interest Rate By 50 Basis Points

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marketwatch.com

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Bitcoin Under Pressure As Goldman Trims Fed Rate Cut …

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2 days ago · The bank delivered quarter-point rate cuts in the following months before pausing in December to signal fewer rate cuts in 2025. BTC has surged over 50% since the first rate cut …

yahoo.com

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Bitcoin Soars To $62K As Fed Lowers Rates By 50 Basis Points Amid ...

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Sep 19, 2024 · The U.S. Federal Reserve has slashed rates by 50 basis points, sending Bitcoin soaring to $62,182. The move ends a four-year break from rate cuts and adds uncertainty to …

econotimes.com

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Fed Cuts Interest Rates By 50 Basis Points, Bitcoin Surges

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The Federal Reserve cut interest rates by 50 basis points, causing Bitcoin’s price to spike above $60,000. Key points: Interest rate cut: The Fed reduced rates to a 4.75%-5.00% range. Bitcoin …

milkroad.com

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Fed Cuts Rates By 50 Bps, Bitcoin Briefly Reaches $61K

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Sep 18, 2024 · Fed members expect further cuts, with median rates projected to reach 4.4% by year-end. Market response Bitcoin responded by briefly rising 1.2% to $61,000 following the …

bitbo.io

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Bitcoin Hits $61K As Fed Slashes Interest Rates By 50 Bps After …

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Sep 18, 2024 · The U.S. Federal Reserve reduced its benchmark fed funds rate by 50 basis points to 4.75%-5% on Wednesday, the first rate cut in four years following its most aggressive …

coinpedia.org

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Here’s Why Bitcoin Price Jolts After Fed’s Interest Rate Cut?

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Sep 19, 2024 · The July 2019 rate cuts saw Bitcoin price rise ~30% in the next two months. The Fed called for an emergency rate cut in March 2020 due to the COVID-19 pandemic, resulting …

coingape.com

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Bitcoin Climbs After Surprise Slowdown In Core Inflation

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12 hours ago · Bitcoin rose nearly 3% to $99.3K as softer core inflation data raised expectations for continued Fed rate cuts, boosting crypto and related stocks.

seekingalpha.com

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Bitcoin Rebounds To $100,000 As Inflation Data Puts Fed Rate Cuts …

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9 hours ago · Bitcoin rebounds to $100,000 as inflation data puts Fed rate cuts ‘back on the table’ BY Catherine McGrath Bitcoin rose 4% on Wednesday following news of slowing inflation.

fortune.com

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FOMC Fuels Bitcoin Price Recovery: What Does It Mean For Q4?

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Sep 19, 2024 · Against all odds, they choose to slash rates by 50 basis points. According to trackers, this was less than a 30% probability. Many expected the central bank to chop interest …

99bitcoins.com

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Bitcoin To Drop 17% If Key Level Breached On ... - Markets Insider

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1 day ago · Standard Chartered warned that the crypto market is at risk of a downturn if bitcoin falls below $90,000. ... Bitcoin will typically decline when interest rates are high. ... 50-70% of …

businessinsider.com

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Bitcoin Smashes $99,000 As Inflation Rises To 2.9% In December

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1 day ago · “I think this report puts Fed rate cuts back on the table.” Wednesday’s inflation print was highly anticipated, following data that suggested the U.S. economy was humming along at …

decrypt.co

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#MicroStrategy Hits 446,400 BTC Despite Stock Slump - YouTube

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MicroStrategy now holds 446,400 BTC worth $42B, doubling down on its Bitcoin strategy even as MSTR stock drops 36% from its all-time high. Will Saylor’s bold...

youtube.com

FAQs about Bitcoin rises after Fed cuts interest rate by 50 basis points Coupon?

What happened to Bitcoin after fed cut rates?

Bitcoin traded near $60,000 after Fed cut rates by 50 basis points. Fed members expect median benchmark rates to come down to 4.4% by year-end. The U.S. Federal Reserve lowered its benchmark fed funds rate by 50 basis points to 4.75%-5% on Wednesday, marking the first rate cut in four years after the central bank's most aggressive hiking cycle. ...

Why has Bitcoin gained 4%?

Bitcoin has gained by over 4% following the US Federal Reserve’s decision to cut its benchmark interest rate by 50 basis points. ...

Will the Fed's dovish 50 basis point rate cut affect bitcoin?

"The Federal Reserve's dovish 50 basis point rate cut has materialised and may increase market volatility in the coming days, potentially pushing bitcoin's price toward its all-time high," he said. However, Lienkha also warned that the aggressive rate cut might signal deeper concerns about the economy. ...

Will a FED rate cut boost Bitcoin & other cryptocurrencies?

Growing anticipation of improved liquidity from the Federal Reserve’s first rate cut in four years is boosting market sentiment toward risk assets, according to YouHodler chief of markets Ruslan Lienkha. As a result, bitcoin and other cryptocurrencies stand to benefit from a potential renewed wave of investor optimism. Read more: Crypto live prices ...

Why are Bitcoin prices rising?

They expect bitcoin prices to remain elevated, citing key factors such as January's spot bitcoin exchange-traded fund (ETF) approvals, central bank rate cuts, regulatory shifts, and even a potential Trump presidency, which could favour pro-crypto policies and lower interest rates. ...

What is the new monetary rate range for bitcoin?

The new range now stands at 4.75% to 5.25%, marking a significant shift in the central bank’s monetary policy. This is the first time bitcoin has crossed the $62,000 threshold since late August, with the interest rate cut buoying the broader cryptocurrency market. ...