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CoinGape

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

CoinGape
Summary
Nutrition label

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.

VR Score

52

Informative language

41

Neutral language

63

Article tone

formal

Language

English

Language complexity

32

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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