The Federal Reserve has finally delivered the rate cuts the market expected. The 50bps cut is significant, and likely not the last one this year.
What can we expect for Bitcoin's price now that we've entered a new phase of monetary policy?
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What Does The FOMC Meeting Mean For Bitcoin?
The Takeaway
The Fed's 50bps rate cut signals a policy shift, with more cuts expected. While initially positive for Bitcoin, historical data urges caution.
The Fed aims for a 'new normal' of higher rates, not pre-COVID levels. This creates uncertainty for Bitcoin, which may continue rising short-term but faces potential economic headwinds. The Fed's balance between inflation control and recession avoidance will be key for Bitcoin's future.
In these complex conditions, investors should remain vigilant.
What Is The Federal Reserve Planning?
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