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

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

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Bitcoin experienced volatility on Sept. 17 following a 25 basis-point interest rate cut by the Federal Reserve. The decision lowered the federal funds rate to 4% to 4.25% and had a significant impact on Bitcoin’s price. The rapid swings in Bitcoin’s value highlighted the asset’s sensitivity to changes in Fed policy and dollar liquidity. The market reacted to the rate cut, with stocks and Treasury yields also seeing volatility. Bitcoin’s price was down 0.8% over the past 24 hours, with a market capitalization of $2.3 trillion.

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