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Bitcoin Drops 2% Following Fed's First Emergency Rate Cut Since 2008

Bitcoin prices slid Tuesday after the U.S. Federal Reserve announced an emergency cut in interest rates to counteract risks to the economy from the spreading coronavirus.

Updated Sep 14, 2021, 8:16 a.m. Published Mar 3, 2020, 4:33 p.m.
Federal Reserve Chair Jerome Powell
Federal Reserve Chair Jerome Powell