The U.S. Federal Reserve's decision to lower the interest rate by 25 basis points sent Bitcoin soaring to a new all-time high of $76,951.
A Unanimous Decision in a Charged Political Context
The Fed unanimously decided to cut rates at its latest meeting. Jerome Powell stated that Donald Trump's victory had no effect on monetary policy decisions. The central bank cited improvements in labor market conditions despite low unemployment rates.
Impact on Crypto and Traditional Markets
The crypto market reacted optimistically following Trump's win, with Bitcoin reaching $76,951. Analysts see a favorable environment for digital assets. Traditional markets also responded positively: S&P 500 and Nasdaq increased by 0.8% and 1.5%, respectively.
Future of Monetary Policy
Other central banks, including the Bank of England and Sweden's Riksbank, are following the Fed's lead. December might see continued monetary easing, supported by the political landscape shifts in the U.S.
The combination of monetary policy and political change in the U.S. could sustain the crypto market's bullish momentum as investors seek alternative safe-haven assets.
