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Fed Cuts Interest Rates by 50 Basis Points, Bitcoin Briefly Hits $61K Before Sell-Off

Market participants were uncertain about the size of the rate cut prior to the Fed meeting, laying the groundwork for market volatility.

By Krisztian Sandor|Edited by Aoyon Ashraf

Updated Sep 19, 2024, 7:29 a.m. Published Sep 18, 2024, 6:10 p.m.

Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)