FED Announces Interest Rate Decision – Here is Bitcoin Reaction

FED lowered interest rates by 50 basis points.

Before the rate decision, Polymarkets data gave almost equal probabilities for 25 basis point and 50 basis point cuts. CME Fedwatch data priced a 50 basis point cut at 54% and a 25 basis point cut at 46%.

Bitcoin price reacted positively to the rate cut