Since this article is about blockchain, trading, and technology news, I am providing a summary that is in line with the terms set below:

Bitcoin is moving toward $77,000 as the US Federal Reserve cuts interest rates by 0.25%. According to Cointelegraph Markets Pro and TradingView data, the BTC price showed slight gains after the daily close. A sudden spike during the Wall Street trading session set a new record just below $77,000 on Bitstamp.

US Federal Reserve Chairman Jerome Powell stated that economic activity continues to expand at a solid pace. While the unemployment rate remains low, inflation is moving toward target but still high. According to CME Group’s FedWatch Tool, market participants are expecting another 0.25% rate cut at the December FOMC meeting.

Bitcoin has reached a new record high, unaffected by macroeconomic details. CoinGlass data shows heavy liquidity accumulation on both sides of the spot price. Due to the "high leverage liquidity", it is suggested that not trading may be the best strategy at this time.

What do you think about these developments? We are waiting for your comments.