๐ Crypto & Finance Update: The U.S. Federal Reserve has cut its benchmark rate by 25 basis points, marking the third consecutive easing this year. This brings the total rate cuts to 100 basis points since September, now ranging between 4.25%-4.50%.
- Bitcoin reacted by trading slightly above $104,000, while the S&P 500 hit a session low.
- Analysts highlight the Fed's challenge with tightening financial conditions despite rate cuts.
- A strong US dollar poses risks for Bitcoin, but on-chain factors remain supportive.
What are your thoughts on how these economic shifts might impact crypto markets? Share your insights in the comments! ๐