Fed Cuts Rate by 50bps, Surprises Market With Dovish Dot-Plot – Here's How Bitcoin (BTC) Reacted

Bitcoin BTC BTC - $62960.525 saw choppy, albeit bullish, price action on Wednesday after the Fed cut rates in the US by 50bps to 4.75-5.0%, and signaled more interest rate easing than the market had been anticipating in 2025 in its updated dot-plot.

Source: cryptonews.com

Related symbols: BTCUSD

2024-09-18 18:37:02 GMT.

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Price & Market Data

Price: $62960.525

Volume 24h: $43,852,588,251.69

Market Cap: $1,243,867,015,325.75

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.