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The Fed's interest rate cut has a direct impact on the US dollar, cryptocurrencies, and other financial assets. When interest rates are cut, borrowing becomes cheaper, which encourages investment and spending. However, this cut weakens the value of the dollar, making alternative assets like#bitcoinmore attractive.
The impact of the cut on the dollar:
Expectations of a rate cut have caused the dollar to weaken slightly. A weaker dollar$ boosts the value of assets denominated in other currencies, including bitcoin. Bitcoin, which is considered a digital safe haven, may benefit from this weakness to see its value rise. Bitcoin and the opportunity to rise