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Bitcoin Surges as Fed Chair Promises Rate Cuts in September Bitcoin Surges as Fed Chair Promises Rate Cuts in September

Federal Reserve Announces 0.5% Interest Rate Cut, Bitcoin Soars Above $60K

September 18, 2024

The Federal Reserve announced on Wednesday that it will lower its benchmark interest rate by 50 basis points, marking the central bank’s first cut since the start of the COVID-19 pandemic.

Immediately after the announcement, Bitcoin’s price rocketed back above $60,000, while the S&P500 shot up by 0.7%.

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Andrew Throuvalas

https://cryptopotato.com/federal-reserve-announces-0-5-interest-rate-cut-bitcoin-soars-above-60k/

2024-09-18 18:10:57

byAndrew Throuvalas
Updated

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bitcoin
Bitcoin (BTC) $ 95,189.50 1.41%
ethereum
Ethereum (ETH) $ 3,302.28 1.69%
tether
Tether (USDT) $ 0.999519 0.09%
xrp
XRP (XRP) $ 2.18 2.68%
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