Bitcoin Price Surges Post-Fed Rate Cut
This is a news story, published by CoinGape, that relates primarily to the Federal Reserve news.
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•Why Bitcoin Price Jolts After Fed’s First Interest Cut in 4 Years
67% Informative
Bitcoin price shot up to $62,000 after the Federal Reserve cut interest rates by 50 bps ( 0.5% ) for the first time in four years .
Bitcoin price rallied nearly 16% since the September 6 bottom.
Bank of Japan's interest rate decision will be key in determining the directional bias of the financial markets, including BTC.
Drop in interest rates means it is that much cheaper for investors to borrow.
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