Fed Chair Jerome Powell stated that the FOMC lowered the Fed funds rate by 25 basis points. The rate cut comes after Bitcoin reached a new all-time high price upon Donald Trump's election victory. Ethereum and Solana also retained gains of 7% and 4%, respectively, following the rate cut. Bitcoin and the entire crypto market continued to see gains after the US Federal Reserve cut interest rates by 25 basis points on Thursday.
If the labor market were to weaken unexpectedly, or inflation was to fall more quickly than anticipated, we can move more quickly, The crypto market has remained in the green following the Federal Reserve's decision to lower interest rates. Historically, Bitcoin and the crypto market have reacted positively to low interest rate environments. When the Fed cuts rates, investors typically have a greater appetite for risk assets, resulting in price surges for cryptocurrencies like Bitcoin.