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Bitcoin Hits New Highs as Fed Cuts Interest Rates

The Federal Reserve's decision to lower rates and Trump's election victory boost cryptocurrency markets.

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Overview

  • The Federal Reserve has cut interest rates by 0.25%, making borrowing cheaper and potentially boosting risk assets like Bitcoin.
  • Bitcoin reached an all-time high of $76,677 following the rate cut and Donald Trump's election win.
  • Cryptocurrencies, including Ether and Solana, are experiencing significant price surges as markets react to the Fed's decision.
  • Trump's pro-crypto stance and anticipated regulatory changes are contributing to increased optimism in the cryptocurrency sector.
  • Bitcoin ETFs saw substantial inflows, with $621.9 million invested following the election results.