The Bitcoin and cryptocurrency markets have seen activity following the FED's announcement of a 50 basis point interest rate cut. Bitcoin's price increased by approximately 1%, while altcoins like Ethereum, BNB, Solana, XRP, and Dogecoin also experienced general increases. However, there has been liquidation of around $17 million in the cryptocurrency market, $13 million of which were in short positions. Interestingly, spot gold reached a record high of $2,591.19 per ounce after the interest rate decision. The majority of economists predicted a 25 basis point rate cut and were proven wrong. This article reminds readers that the information provided is not investment advice.



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