Fed’s Rate Cut Sends Bitcoin Soaring, but Uncertainty Lingers in the Crypto Market
This week, the Federal Reserve delivered a highly anticipated 50 basis point interest rate cut, the first of its kind in over four years. Crypto markets, as expected, reacted swiftly, with Bitcoin jumping over 4% and breaking past the $62,000 level. The broader cryptocurrency market followed, with Ethereum, Solana, and others posting gains as investors recalibrated to the Fed’s more dovish stance. Divided Sentiment in the Wake of the Fed’s Rate Cut But while the…