The Federal Reserve’s recent quarter-point interest rate cut has affected the crypto market, potentially pushing Bitcoin prices higher. The Fed’s Federal Open Market Committee (FOMC) aims to navigate a cooling labor market and mitigate inflation without causing economic shockwaves. The new federal funds rate target, between 4.5% and 4.75%, might lead to increased volatility in the crypto market.
Traders were expecting Bitcoin’s price to soar following the rate cut, but it remained stagnant instead. Analysts predict that Bitcoin could reach $100,000 by the end of the year, thanks to a stablecoin market surge and significant whale activity. The future of Bitcoin’s price will depend on Fed moves and Trump’s cabinet picks in the coming months.
