$BTC Volatile as Fed Trims Interest Rate While Eyeing More Cuts in 2025
The U.S. central bank lowered its benchmark rate range by 25 basis points to 4%-4.25%, citing softening labor markets and economic uncertainty.
The Federal Reserve lowered its benchmark interest rate range by 25 basis points to 4%-4.25%, marking its first rate cut since December.
The decision followed recent signs that the economy is slowing down.
Bitcoin gained around 1% shortly after the move, which had been widely anticipated.
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