The Federal Reserve’s decision to slash interest rates by 50 basis points has sent shockwaves through global financial markets, with the cryptocurrency market being one of the most immediate beneficiaries.
The aggressive rate cut, which was larger than many analysts had anticipated, has injected new life into riskier assets like cryptocurrencies. Bitcoin, the world's largest cryptocurrency by market capitalization, has surged in value following the announcement, breaking through several key resistance levels.
