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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
$106,681.39
+1.06%
Ethereum
Ethereum
ETH
$2,594.31
+2.23%
Tether USDt
Tether USDt
USDT
$1
-0.03%
XRP
XRP
XRP
$2.18
+1.40%
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BNB
BNB
$654.13
+0.78%
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Solana
SOL
$157.27
+7.79%
USDC
USDC
USDC
$0.9999
+0.00%
Dogecoin
Dogecoin
DOGE
$0.1779
+0.56%
TRON
TRON
TRX
$0.2709
-0.39%
Cardano
Cardano
ADA
$0.6424
+1.98%
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