bitcoin
Bitcoin (BTC) $ 95,116.48 1.65%
ethereum
Ethereum (ETH) $ 1,799.56 1.39%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.20 1.20%
bnb
BNB (BNB) $ 604.75 0.74%
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Solana (SOL) $ 152.18 0.80%
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dogecoin
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cardano
Cardano (ADA) $ 0.716943 2.32%
tron
TRON (TRX) $ 0.243693 1.31%
Blog

Bitcoin price attempts to turn the tide after Fed’s 0.5% rate cut

Bitcoin price rallies to $61,000 after the US Federal Reserve cuts rates by 50 basis points for the first time since 2020.

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Bitcoin (BTC) stayed mostly steady at $39,000 on May 4 as the U.S. Federal Reserve conformed to expectations of a 0.5% key interest rate hike.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin eerily calm on Fed statementData from Cointelegraph Markets Pro and TradingView showed BTC/USD exhibiting minimal fluctuation as the Fed confirmed what many assumed had already…
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