Why Bitcoin Price Jolts After Fed’s First Interest Cut in 4 Years

After the September 18 FOMC meeting, the Fed cut interest rates for the first time in four years. As a result of the 50 basis point rate cut, Bitcoin price hit $62,000 in the late New York session. Let’s understand why this happened. Here’s Why Bitcoin price Jolts After Fed’s Interest rate cut? For the The post Why Bitcoin Price Jolts After Fed’s First Interest Cut in 4 Years appeared first on CoinGape .

Source: CoinGape