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Bitcoin Price Reacts as US Federal Reserve Cuts Rates by 25 BPS

Bitcoin's price has declined by more than $2,000 in the last 24 hours. It dropped by some $500 in the past few minutes, and then recovered, right as the US Federal Reserve announced another rate cut - the third one for this year. It reduced the rates by 25 basis points (0.25%), while Powell also [...]

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