Crypto
The Fed cut rates, but bitcoin didn’t budge. What gives?
Published:
Bitcoin was mostly unchanged on Thursday, even as the Federal Reserve on Wednesday
cut its policy rate by 25 basis points and signaled that it will begin injecting additional liquidity into short-term funding markets starting Friday.
Many crypto bulls had expected that another Fed rate cut would serve as a tailwind for the digital asset. Unfortunately for them, that didn’t happen.