The FED made a cut in rates, theoretically this should be good news for bitcoin, as it makes money cheaper and encourages investors to seek higher-risk and higher-potential gain assets.
However, the price of Bitcoin did not react with a significant increase because the cut was already expected by everyone. The market is now waiting to see what the FED will do in the coming months before making major moves.
BTC
90,345.93
+0.03%