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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.

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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
$122,466.62
-1.37%
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Ethereum
ETH
$4,481.64
-4.25%
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BNB
$1,312.99
+2.93%
Tether USDt
Tether USDt
USDT
$1
-0.00%
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XRP
XRP
$2.87
-3.53%
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Solana
SOL
$221.27
-3.88%
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USDC
USDC
$0.9998
+0.02%
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Dogecoin
DOGE
$0.2480
-4.68%
TRON
TRON
TRX
$0.3370
-2.27%
Cardano
Cardano
ADA
$0.8184
-4.28%
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