According to BlockBeats, on September 19, according to statistics, the last time the Federal Reserve cut interest rates by 50 basis points was in March 2020, when it cut interest rates by 1 percentage point to 0-0.25% in response to the COVID-19 pandemic. Since March 2022, the Federal Reserve has launched a nearly unprecedented round of aggressive interest rate hikes, and has maintained the policy interest rate at a high level of 5.25%-5.5% since July 2023.
After the interest rate cut in 2020, Bitcoin started to rise from the price range of US$4,000 to US$6,000 after “3.12”, and reached the high of the last bull market at US$69,040 in November 2021, with the maximum increase of more than 10 times.
During the same period, the price of gold rose in the range of $1,450 to $1,700 in March, peaking ahead of Bitcoin, reaching a high of $2,075 in August 2020 before falling back, and began a new round of increases after reaching a bottom of $1,616 in November 2022 until now.
