The Federal Reserve has cut interest rates, which could lead to an increase in investments in riskier assets such as Bitcoin. Bitcoin has been rising in recent weeks and has already reached new all-time high prices following Donald Trump’s election victory. Low interest rates encourage investors to take more risks, which is beneficial for cryptocurrencies.
The Fed also hinted at further support for the cryptocurrency industry through Trump’s pro-crypto policies. The market reacted positively to the rate cut, with Bitcoin reaching an all-time high of $76,677.
