Federal Reserve Cuts Interest Rates to Stimulate Economy, Impacting Crypto Markets

The Federal Reserve has reduced interest rates by 25 basis points, bringing the benchmark rate down to 3.75%-4%, the lowest level in over three years. This move aims to address slowing job growth and stimulate borrowing and investment by corporations and consumers. The impact on cryptocurrency markets is expected, particularly Bitcoin (BTC) and Ethereum (ETH), with analysts anticipating potential market volatility as a result of increased liquidity.