Fed Cuts Rates, Bitcoin Fluctuates Amid Market Reactions

Fed's Interest Rate Decision and Its Impact on Bitcoin

The U.S. Federal Reserve's recent decision to lower interest rates by 50 basis points has created ripples across financial markets, notably affecting Bitcoin and other digital assets. Interest rates, set by the central bank, determine how much it costs for banks to borrow money. A lower rate generally means cheaper loans for consumers, which can stimulate spending and investment.