Bitcoin Hits New Highs as Fed Cuts Interest Rates
The Federal Reserve's decision to lower rates and Trump's election victory boost cryptocurrency markets.
- The Federal Reserve has cut interest rates by 0.25%, making borrowing cheaper and potentially boosting risk assets like Bitcoin.
- Bitcoin reached an all-time high of $76,677 following the rate cut and Donald Trump's election win.
- Cryptocurrencies, including Ether and Solana, are experiencing significant price surges as markets react to the Fed's decision.
- Trump's pro-crypto stance and anticipated regulatory changes are contributing to increased optimism in the cryptocurrency sector.
- Bitcoin ETFs saw substantial inflows, with $621.9 million invested following the election results.