Federal Reserve Cuts Rates by 0.25%: Bullish for Bitcoin

Bitcoin’s value proposition was purportedly just validated with news that the Federal Reserve, the United States’ monetary authority, would be cutting its policy interest rate… again.
It is important to point out, however, that the price of the cryptocurrency hasn’t immediately reacted to this news. Stocks, however, have, with companies’ shares rallying by around 0.5% after the announcement.
Fed Cuts Rates in Move Benefiting Bitcoin
On Wednesday, Jerome Powell, the