Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Zimbabwe rolls out blockchain-based carbon credit market system

2025-05-21

What Is a DEX (Decentralized Exchange)?

2025-05-21

🧊 Stay cool, stay onchain with .pengu 🐧

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»An unexpected 0.50% Fed rate cut allows Bitcoin to rise to $62,000
Bitcoin

An unexpected 0.50% Fed rate cut allows Bitcoin to rise to $62,000

2024-09-19No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
AvatarAvatar

Journalist

Posted: September 19, 2024

  • BTC rose to $62K as the Fed easing cycle began.
  • Analysts remained cautious after the Fed’s ‘aggressive’ 0.50% interest rate cut.

Bitcoin [BTC]The world’s largest cryptocurrency by market cap rose to $62K on September 18 after a surprise 0.50% interest rate cut by the Fed.

BTC reached $62.5K, a two-week high that increased September’s recovery gains to nearly 18%.

Fed rate cut Fed rate cut

Source: BTC/USD, TradingView

However, the aggressive rate cut caught even economists surveyed by Bloomberg off guard. A recent Bloomberg poll found more economists leaning toward a 25 basis point (bps) cut, with only 9 out of 114 economists expecting a 50 basis point cut.

Although the Fed Fund Futures is accurate predicted After the Fed’s 50 bp cut, the higher odds for aggressive cuts only changed earlier this week.

What’s next for BTC?

In response to the 0.50% rate cut, Fed Chairman Jerome Powell said it was intended to keep unemployment low as inflation has cooled.

The policy change effectively signaled the start of the central bank’s easing cycle, which could boost risky assets, especially BTC.

However, market experts remained cautious as the aggressive cut was a sign of recession concerns.

BitMEX founder Arthur Hayes noted that the 50 basis point cut was a “nuclear catastrophe for the financial markets,” pointing to a deeper rot in the global financial system.

He added that assets could rise on the first or second day, followed by lower prices thereafter.

The same cautious outlook was echoed by Mett Mena, Crypto Research Strategist at 21Shares. However, Mena told AMBCrypto that the long-term easing cycle was bullish for BTC. He said,

“In the short term, a 50 basis point rate cut could signal to the market that the economy is slowing. However, over the long term, Bitcoin and other digital assets have historically thrived in low interest rate environments.”

Another cause for concern in the market for BTC was the reinforcement of the Japanese yen against the US dollar (USD), given the massive sell-off in early August after the carry trade came to a standstill.

See also  How Bitcoin Whales Profited From BTC's Latest Price Correction

With the upcoming decision from the BoJ (Bank of Japan) scheduled for September 20, Hayes suggested Follow this front to gauge BTC’s price direction.

In the meantime, the surge to $62,000 has liquidated more than $57 million in short positions of $75.5 million, reinforcing bullish sentiment in the near-term futures market.

Fed interest rate cutsFed interest rate cuts

Source: Coinglass

Previous: Solana vs. Ethereum: Is SOL Closer to ETH’s Dominance?

Next: Bitcoin Lightning Powers Louisiana’s First-Ever Crypto Payment

Source link

Bitcoin Cut Fed Rate Rise Unexpected
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21

Top reasons why Bitcoin price today, May 21, came in new ATH

2025-05-21

Texas Bitcoin Reserve Bill knew the most important legislative obstacles, waiting for the final vote

2025-05-21

Bitcoin ‘deorrelaten’ of gold! – Investors, why is this important

2025-05-21
Add A Comment

Comments are closed.

Top Posts

BNB Chain will upgrade network in June

2023-05-27

SOL Price Reaches Make-or-Break Levels – Can Solana Pump Again?

2024-01-19

Panama City to make you pay tax and costs with Bitcoin, Ether & USDC – This is what you need to know

2025-04-18
Editors Picks

Bitcoin ETFs Reach New Record: Will BTC Benefit from the Rise?

2024-02-21

Jack Butcher’s Pepe themed Web3 experiment

2023-06-09

Ethereum Classic’s Breakout and Shifting Market Trends – Explained

2025-01-24

DOT Price (Polkadot) Indicates Possible Recovery, This is What Could Push Price to $4.8

2023-09-21
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Zimbabwe rolls out blockchain-based carbon credit market system

What Is a DEX (Decentralized Exchange)?

🧊 Stay cool, stay onchain with .pengu 🐧

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$108,438.961.81%
  • ethereumEthereum(ETH)$2,509.240.15%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.381.09%
  • binancecoinBNB(BNB)$672.503.56%
  • solanaSolana(SOL)$170.421.60%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2296111.55%
  • cardanoCardano(ADA)$0.762.23%
  • tronTRON(TRX)$0.266592-1.03%
  • suiSui(SUI)$3.88-0.03%
  • chainlinkChainlink(LINK)$15.811.00%
  • avalanche-2Avalanche(AVAX)$22.750.57%
  • hyperliquidHyperliquid(HYPE)$27.977.40%
  • stellarStellar(XLM)$0.2898530.75%
  • shiba-inuShiba Inu(SHIB)$0.0000151.00%
  • hedera-hashgraphHedera(HBAR)$0.1966921.02%
  • unus-sed-leoUNUS SED LEO(LEO)$8.851.20%
  • bitcoin-cashBitcoin Cash(BCH)$403.832.80%
  • the-open-networkToncoin(TON)$3.080.02%
  • polkadotPolkadot(DOT)$4.720.89%
  • litecoinLitecoin(LTC)$96.512.35%
  • moneroMonero(XMR)$396.1213.14%
  • bitget-tokenBitget Token(BGB)$5.210.86%
  • piPi(PI)$0.8311.74%
  • pepePepe(PEPE)$0.0000132.20%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$444.327.40%
  • uniswapUniswap(UNI)$6.113.00%
  • aaveAave(AAVE)$247.05-4.70%
  • nearNEAR Protocol(NEAR)$2.820.32%
  • aptosAptos(APT)$5.201.34%
  • okbOKB(OKB)$52.090.20%
  • ondo-financeOndo(ONDO)$0.962.10%
  • kaspaKaspa(KAS)$0.1116941.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.294.51%
  • ethereum-classicEthereum Classic(ETC)$18.741.76%
  • internet-computerInternet Computer(ICP)$5.28-0.12%
  • gatechain-tokenGateToken(GT)$21.631.05%
  • crypto-com-chainCronos(CRO)$0.0967510.16%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2385632.80%
  • mantleMantle(MNT)$0.74-1.11%
  • vechainVeChain(VET)$0.0286930.81%
  • render-tokenRender(RENDER)$4.711.52%
  • ethenaEthena(ENA)$0.3940293.93%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4046712.70%
  • algorandAlgorand(ALGO)$0.2272651.69%
  • filecoinFilecoin(FIL)$2.912.11%
  • bitcoinBitcoin(BTC)$108,438.961.81%
  • ethereumEthereum(ETH)$2,509.240.15%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.381.09%
  • binancecoinBNB(BNB)$672.503.56%
  • solanaSolana(SOL)$170.421.60%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2296111.55%
  • cardanoCardano(ADA)$0.762.23%
  • tronTRON(TRX)$0.266592-1.03%
  • suiSui(SUI)$3.88-0.03%
  • chainlinkChainlink(LINK)$15.811.00%
  • avalanche-2Avalanche(AVAX)$22.750.57%
  • hyperliquidHyperliquid(HYPE)$27.977.40%
  • stellarStellar(XLM)$0.2898530.75%
  • shiba-inuShiba Inu(SHIB)$0.0000151.00%
  • hedera-hashgraphHedera(HBAR)$0.1966921.02%
  • unus-sed-leoUNUS SED LEO(LEO)$8.851.20%
  • bitcoin-cashBitcoin Cash(BCH)$403.832.80%
  • the-open-networkToncoin(TON)$3.080.02%
  • polkadotPolkadot(DOT)$4.720.89%
  • litecoinLitecoin(LTC)$96.512.35%
  • moneroMonero(XMR)$396.1213.14%
  • bitget-tokenBitget Token(BGB)$5.210.86%
  • piPi(PI)$0.8311.74%
  • pepePepe(PEPE)$0.0000132.20%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$444.327.40%
  • uniswapUniswap(UNI)$6.113.00%
  • aaveAave(AAVE)$247.05-4.70%
  • nearNEAR Protocol(NEAR)$2.820.32%
  • aptosAptos(APT)$5.201.34%
  • okbOKB(OKB)$52.090.20%
  • ondo-financeOndo(ONDO)$0.962.10%
  • kaspaKaspa(KAS)$0.1116941.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.294.51%
  • ethereum-classicEthereum Classic(ETC)$18.741.76%
  • internet-computerInternet Computer(ICP)$5.28-0.12%
  • gatechain-tokenGateToken(GT)$21.631.05%
  • crypto-com-chainCronos(CRO)$0.0967510.16%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2385632.80%
  • mantleMantle(MNT)$0.74-1.11%
  • vechainVeChain(VET)$0.0286930.81%
  • render-tokenRender(RENDER)$4.711.52%
  • ethenaEthena(ENA)$0.3940293.93%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4046712.70%
  • algorandAlgorand(ALGO)$0.2272651.69%
  • filecoinFilecoin(FIL)$2.912.11%