Markets
The Fed’s Bullish Rate Cut on Bitcoin (BTC) Isn’t as Simple as You Think
“During the Fed’s pause in rate hikes until July 2019, bitcoin experienced explosive growth, rallying to +169%. After a seven-month pause in 2019, the Fed cut interest rates, starting a steep rate-cutting cycle. Bitcoin initially responded positively, rising +19% within a week of the July 31, 2019 rate cut. However, two weeks later, bitcoin flatlined,” Thielen said.