Federal Reserve Slashes Interest Rates by 25 Basis Points, Sending Bitcoin Price Towards New ATH

Quick Summary:

Bitcoin’s price, often highly responsive to US news, had already reached a record near $77,000 and remained relatively stable.

Fed Goes Easy on Monetary Policy In line with market expectations, the U.S.

Investors are keenly focused on what Fed Chair Jerome Powell will say about the central bank’s future direction following Donald Trump’s decisive election victory in the U.S.

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Article Details

Author / Journalist: Shayan Chowdhury

Category: Crypto

Markets: United StatesSweden

Topics: Bitcoin ETF Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 20:10:42 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 23465304

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 9 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

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