Federal Reserve Cuts Interest Rates By 25 Basis Points; Bitcoin Climbs Above $116,000

The Federal Reserve lowered interest rates by 25 basis points to 4.00–4.25%, marking its first cut in years. Bitcoin rose slightly above $116,000 on the news, according to Bitcoin Magazine Pro.

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Federal Reserve Cuts Interest Rates By 25 Basis Points; Bitcoin Climbs Above $116,000

Source: Bitcoin Magazine

The Federal Reserve lowered interest rates by 25 basis points to 4.00–4.25%, marking its first cut in years. Bitcoin rose slightly above $116,000 on the news, according to Bitcoin Magazine Pro.