Bitcoin Reaches $65K as Fed's Rate Cut Outlook Holds Steady
By
Adriano Martinez
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Bitcoin has surged over $65,000 following the Fed's reassurance on interest rate cuts. Jerome Powell's indication of a stable rate cut outlook has reinstated market optimism. The stable rate outlook is fueling positive reactions in risk-on assets like Bitcoin. Despite the recent surge, it remains to be seen whether Bitcoin will resume its uptrend, as it is still down 11% from its all-time high. The future direction will hinge on upcoming data and market dynamics.