In a surprising turn of events, the price of Bitcoin slipped lower regardless of the Federal Reserve’s interest rate cut. This development, unexpected by many in the crypto community, illustrates that the relationship between traditional market events and the cryptocurrency market is not always linear.nnTypically, interest rate cuts would stimulate investment as borrowing costs are lowered. However, it seems that Bitcoin, often hailed as ‘digital gold’, is behaving more like its tangible counterpart, which also fell following the rate cut. Moving forward, it will be interesting to see how this dynamic evolves and what it means for the future of Bitcoin and other cryptocurrencies. Read More
Leave a Reply