Another bullish signal for Bitcoin: Biden announced an interest rate cut!
As further progress on inflation remains uncertain, the Fed will need to gauge the state of the economy. Historically, investors have relied heavily on the Federal Reserve's ierest rate decisions while evaluating assets for investme.
When ierest rates fall, governme securities often lose value, making Bitcoin and other crypto assets more attractive.
Therefore, if ierest rate cuts happen soon, crypto markets will benefit from stronger risk tolerance and good purchasing power.
