How the Market Reacted to the Interest Rate Cut

The FED decided to make a bold 0.5% cut in key interest rates, giving a big boost to markets, both traditional and crypto.

 

Bitcoin now has a consistently positive correlation with the amount of money in the market and a negative correlation with the US dollar and its value.

 

In particular, the price of Bitcoin rose by 5%, reaching $63,000, while the S&P500 gained up to 2% on a daily basis.

 

Accordingly, Ethereum gained 6% while Solana was the gainer of the day, gaining more than 10%.

 

Finally, crypto-related stocks like Coinbase and Microstrategy rose 3% and 9% respectively.

 

All indications are that the markets will show the next bull run and when it will be……..

 

Our company, BCASH™, is a licensed Greek company by the Hellenic Capital Market Commission (exchange license) and manufactures/operates cryptocurrency ATMs throughout Greece. One of the locations is at Kifisia, Athens, Greece, while you can find all the locations where our ATMs are placed at https://bcash.eu/en/locations

 

Almost all of the spaces are private and autonomous with high-security standards. Most of the locations offer free wireless internet connection.

 

At BCASH™ ATMs, you can buy and sell cryptocurrencies at the best market rate, such as Bitcoin | Ethereum | USDT | Litecoin | Dash | XRP | XLM.

 

If you have any questions, you can contact our customer support service at +30 6987812000 & +30 6998499499 (Viber, Whatsapp, Telegram supported).