Bitcoin rises, remaining near the one-month high reached earlier as the Federal Reserve’s interest-rate cut Wednesday supports risky assets.
The Fed cut rates by a quarter of a percentage point, as widely anticipated, and signaled two more quarter-point moves this year.
Crucially, it seems the Fed’s independence remains intact since newly appointed Fed member Stephen Miran was an outlier with his calls for half-point cuts at the next two meetings, IG analyst Chris Beauchamp said in a note.
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