Bitcoin Taps $61,000 As Federal Reserve Slashes Interest Rates for First Time in Four Years

The Federal Reserve just cut interest rates for the first time since March of 2020, fueling volatility in global markets. The move marks the central bank’s shift from fighting inflation to responding to signs of economic slowdown, weakness in the jobs market and other risks to growth. The move triggered major swings for the Dow The post Bitcoin Taps $61,000 As Federal Reserve Slashes Interest Rates for First Time in Four Years appeared first on The Daily Hodl .