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Bitcoin Surges 2% in Response to Fed's 50 Basis Point Rate Cut

Bitcoin Surges 2% in Response to Fed's 50 Basis Point Rate Cut

Bitget2024/09/18 18:22

On 19 September, according to market data, the Federal Reserve announced a 50 basis point interest rate cut, starting the interest rate reduction cycle, Bitcoin rose 2% in the 2 minutes after the announcement, briefly exceeding $61,000, now quoted at $60,763.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitcoin
Bitcoin
BTC
$104,731.99
-2.65%
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Ethereum
ETH
$2,534.75
-7.73%
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Tether USDt
USDT
$1
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XRP
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SOL
$145.1
-8.64%
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USDC
USDC
$0.9997
+0.00%
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DOGE
$0.1742
-8.15%
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TRON
TRX
$0.2739
-0.40%
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Cardano
ADA
$0.6359
-7.51%
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