Citing Bitcoin.com, the U.S. Federal Reserve cut its target interest rate by 25 basis points on Wednesday, a move described as a 'hawkish cut.' Futures markets had already priced in a 90% probability of the cut, and Bitcoin (BTC) barely reacted, trading at $92,506.84 at the time of reporting. The decision came amid a divided Federal Open Market Committee (FOMC), with nine out of twelve members voting for the cut but differing on future rate direction. BTC's 24-hour volume was flat at $65.64 billion, and its dominance fell slightly to 59.01%.
Fed Cuts Rates by 25 Basis Points, Bitcoin Price Unaffected
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