The U.S. Federal Reserve has cut rates 25 bps as we head into what has historically been a bullish period for bitcoin’s price, potentially adding fiat fuel to a bull run which could end in a historic crash.
The Federal Reserve lowered interest rates by 25 basis points to 4.00–4.25%, marking its first cut in years. Bitcoin rose slightly above $116,000 on the news, according to Bitcoin Magazine Pro.
The Federal Reserve, OCC, and FDIC warn banks that safekeeping bitcoin and other crypto-assets demands strong cybersecurity, operational expertise, and full legal compliance.