đ The US Federal Reserve cut interest rates by 0.50%, which boosted the price of bitcoin to USD 63,000.
đ Analysts expect the Fed to reduce rates by up to 100 basis points at meetings in November and December. This policy could increase Bitcoin's volatility.
đĄ Another factor that helped the price of bitcoin was that Donald Trump became the first US presidential candidate to make a purchase with the digital currency.
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What impact will the rate cut have on bitcoin in the coming days?
đŻ = It will increase even more.
đ„° = It will remain stable.
đđŒ = It will fall due to volatility.
