Bitcoin volatility spikes as FOMC confirms 25 basis-point rate cut for September

Bitcoin (BTC) whipsawed on Sept. 17 after the Federal Reserve confirmed a 25 basis-point interest rate cut, lowering its target range for the federal funds rate to 4% to 4.25%. The decision also re...

By · · 1 min read
Bitcoin volatility spikes as FOMC confirms 25 basis-point rate cut for September

Source: CryptoSlate

Bitcoin (BTC) whipsawed on Sept. 17 after the Federal Reserve confirmed a 25 basis-point interest rate cut, lowering its target range for the federal funds rate to 4% to 4.25%. The decision also reduced the interest rate paid on reserve balances to 4.15% and lowered the primary credit rate to 4.25%, both effective Sept. 18. […]