This is How Bitcoin Met its First Fed Rate Cut

Cryptonews Source: iStock/Toshe_O The first interest cut by the Federal Reserve (Fed), the U.S. central bank, in the Bitcoin’s history was a bit more complex than the market estimated and opinions still vary on the impact of this event. As many expected, yesterday, the Fed indeed cut its main interest rate for the first time in a decade. Also as expected, it was lowered by 25 basis points, to 2%-2.5%. August 01, 2019 at 04:42PM By Crypto News