The Federal Reserve has reduced interest rates by 25 basis points, marking another cut that has sparked a rebound in the cryptocurrency market. This decision comes amid internal divisions within the Fed, with three members voting against the cut, a rare occurrence in the past six years.
The rate cut has fueled optimism in the crypto sector, with market analysts suggesting that Bitcoin may be finding its bottom and entering a bullish phase. This monetary easing is expected to influence various crypto assets, including Ethereum, which has entered what some describe as its value "strike zone."
Federal Reserve Cuts Interest Rates, Boosting Crypto Market
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