Key facts: $BTC
1-The price of bitcoin rose 6% after the Fed announcement.
2-The market expects more rate cuts in November and December.
The recent 0.50% interest rate cut by the US Federal Reserve (Fed) has had a direct impact on the price of bitcoin, marking an increase of 6%, its highest level since the end of August.
This move by the Fed breaks with the aggressive monetary policy that had been in place since March 2020. The agency's decision, which was within market expectations, was received with optimism, accelerating the price of the digital asset.
