#MarketCorrectionBuyOrHODL
US Federal Reserve reduced interest rates by 0.25% today (Wednesday), aiming to sustain economic momentum while managing persistent inflationary pressures.
Simultaneously, Bitcoin, the top cryptocurrency, is positioning itself as a transformative force in the global economy. The rate cut is reportedly the third this year, reflecting a balance between economic growth and inflation.
The Fed's decision wasn't unanimous, with Cleveland Fed President Beth Hammack reportedly voting to keep rates steady, CNN Business reported. The division reflected concerns over inflation, which remains above the 2% target and is now projected to persist until 2027.
Despite this, the US economy has shown resilience, fueled by strong consumer spending and steady business investments. Policymakers reportedly foresee stable growth and low unemployment next year.
As traditional markets grapple with inflation, Bitcoin continues to strengthen its position in the financial world. Analysts are now projecting that the crypto could surge to more than $200,000 by 2025, driven by favorable regulatory shifts and increased corporate adoption.
Bitcoin is currently on a slight correction trading at $101,269 at the time of writing. This represents a 5% drop in price in the past day. However, the market cap is more than $2 trillion, representing 56% of the total crypto market cap, data from