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

Posted on 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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