Bitcoin Briefly Shoots Past $116K After Fed Cuts Rates

The 25-basis-point cut marks the first time the U.S. Federal Reserve has lowered its policy rate since December 2024. Fed Cut Sends Bitcoin Above $116K, but Not for Long Wednesdays interest rate cut by the U.S. Federal Reserve wasnt much of a surprise, after all, just minutes before the announcement, the CME Groups Fedwatch Tool []