The cryptocurrency market, led by Bitcoin, continues its upward trajectory following the Federal Reserve’s 25 basis point rate cut. This monetary easing has bolstered investor confidence, prompting increased interest in digital assets. Bitcoin’s price has risen, reflecting the market’s positive response to the Fed’s decision. Other cryptocurrencies have also experienced gains, indicating a broad-based rally within the sector. Analysts suggest that the rate cut enhances the appeal of riskier assets like cryptocurrencies, as lower interest rates reduce the opportunity cost of holding non-yielding assets. This development underscores the growing correlation between traditional monetary policies and the performance of digital currencies.
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