Bitcoin Hits $77K After Fed’s 25bps Rate Cut Spurs Rally

Quick Summary:

Federal Reserve announced a 25 basis point interest rate cut, lowering rates to a target range of 4.50%-4.75% to align with its monetary policy goals.

The decision added momentum to the ongoing crypto market rally, pushing BTC to a new all-time high of $77,270.

Bitcoin surged above $77,000 on Friday after the U.S.

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Article Details

Author / Journalist: Ikemefula Aruogu

Category: Crypto

Markets: IndiaSweden

Topics: Donald trump Bitcoin Market News Market News ETH

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 11:13:35 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 162 words

Reading Time: 1 minutes read

Sentences: 48 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23478762

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 7 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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