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The American League is about to announce a 2-digit interest rate cut! Bitcoin soared above 62,000 in early trading. What do analysts think of the market outlook?
The Fed is about to announce a 2-digit interest rate cut, and Bitcoin soared past 62,000 this morning
Early this morning (19th) Taiwan time, the U.S. Federal Reserve (Fed) announced an interest rate cut of 2 percentage points (50 basis points), lowering the target range of the federal funds rate to between 4.75% and 5%, marking the first time since the early days of the COVID-19 epidemic in 2020 The first interest rate cut since the outbreak was also a proactive measure taken by the Federal Reserve to prevent a slowdown in the labor market. Outsiders estimate that the American League may cut interest rates by another 2 percent by the end of 2024.
After the interest rate cut, Bitcoin first rose and then fell following the U.S. stock market, but turned higher at 6 a.m. today (9/19). It soared above US$62,000 in early trading and is currently quoted at US$62,255.
Early this morning (19th) Taiwan time, the U.S. Federal Reserve (Fed) announced an interest rate cut of 2 percentage points (50 basis points), lowering the target range of the federal funds rate to between 4.75% and 5%, marking the first time since the early days of the COVID-19 epidemic in 2020 The first interest rate cut since the outbreak was also a proactive measure taken by the Federal Reserve to prevent a slowdown in the labor market. Outsiders estimate that the American League may cut interest rates by another 2 percent by the end of 2024.
After the interest rate cut, Bitcoin first rose and then fell following the U.S. stock market, but turned higher at 6 a.m. today (9/19). It soared above US$62,000 in early trading and is currently quoted at US$62,255.
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