BlockBeats news, September 26, according to CoinDesk, since the Federal Reserve cut the federal funds rate by 50 basis points a week ago, the debate over whether this rate cut represents the normalization of overly tight monetary policy adopted to curb inflation or is preparing for the coming economic downturn has intensified.
Risk assets including Bitcoin and altcoins rebounded after the Fed's decision, showing that the market sees the rate cut as a normalization move. Some analysts predict that Bitcoin will accelerate its rise once it breaks through the $65,200 resistance level.
