Bitcoin (BTC) Price Remains Above $60K as Traders Warn of Sell-Off After Fed’s 50 Basis Point Rate Cut

Posted on September 18, 2024 by Vaseline

“The magnitude of the rate cut matters as it could lead to different market reactions. While a 25 bps cut would likely boost markets, a 50 bps cut could signal recession concerns, potentially triggering a deeper correction in risk assets,” Alice Liu, head of research at CoinMarketCap, told CoinDesk in an email.

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