Fed Cut & Bitcoin Reaction

[encrypted]

The Federal Reserve has cut interest rates by 25 bps, bringing the benchmark range down to 4.0%–4.25%. Alongside the move, the Fed signaled an additional 50 bps of potential cuts through 2025, pointing to rising downside risks for jobs and growth, even as inflation remains elevated.

Bitcoin’s initial reaction has been muted. After briefly dipping under $115,000, BTC is attempting to hold above this key level, trading around $117,110 at the moment. Traders appear cautious as the market digests the Fed’s more dovish tone.