Federal Reserve Cuts Interest Rate, Sparking Bitcoin Volatility and Potential Upside

Bitcoin saw significant volatility following the Federal Reserve's announcement of a 25 basis-point interest rate cut, lowering the target range to 4% to 4.25%. This strategic move aims to stimulate the economy amid softening labor markets and uncertainty. Analysts believe this could lead to increased investment in Bitcoin, indicating a potential upside for the cryptocurrency market as traders closely monitor the effects of the rate cut.