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Bitcoin Price Rises After Fed Rate Cut
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Bitcoin Price Rises After Fed Rate Cut
Sep 25, 2024 8:02 PM

05:24 AM EDT, 09/19/2024 (MT Newswires) -- Bitcoin prices rose about 3.5% pre-bell Thursday after the US Federal Reserve cut interest rates for the first time in over four years

The digital token was trading at $62,107 early Thursday after the Fed reduced lending rates by 50 basis points.

Market exuberance was tempered by the Fed's lack of commitment to a similar pace of cuts going forward.

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