Bitcoin Price Roars Above $94,000 As Fed Cuts Rates

"Bitcoin price surged above $94,000 today following a 25-basis-point rate cut by the Federal Reserve. The Fed lowered its benchmark interest rate to 3.50%-3.75% to support maximum employment and contain somewhat elevated inflation amid moderate economic growth and slowing job gains. This is the Fed's third rate cut this year and the first since October. Most officials backed the move, while three dissented - one favoring a larger cut, two preferring no change."

"The rate decision pushed the Bitcoin price higher, although markets had largely priced in the cut. BTC briefly hit $94,500, reaching a seven-day high. Trading volume over the last 24 hours totaled roughly $46 billion. The cryptocurrency's market cap stands near $1.86 trillion, with a circulating supply of just under 20 million BTC, according to Bitcoin Magazine Pro data. At the time of writing, Bitcoin trades around $92,505, up roughly 3% in the last 24 hours."

"Bitcoin's recent rally reflects broader adoption trends and institutional interest. PNC Bank became the first major U.S. bank to offer direct spot bitcoin trading to eligible Private Bank clients using Coinbase's infrastructure. Last week, Bank of America advised its wealth management clients to allocate 1%-4% of portfolios to digital assets. Coinbase Institutional highlighted that speculative leverage has fallen from 10% to 4%-5% of total market capitalization, signaling a potential end to extreme volatility."

The Federal Reserve lowered its benchmark interest rate to 3.50%-3.75% in a 25-basis-point cut to support maximum employment and contain somewhat elevated inflation amid moderate economic growth and slowing job gains. Most officials backed the move while three dissented. Fed forecasts for 2026 and 2027 show modest expectations, small rate reductions, 4.4% unemployment, and 2.4% PCE inflation. The decision pushed Bitcoin above $94,000, briefly hitting $94,500, with 24-hour trading volume near $46 billion and a market cap around $1.86 trillion. Institutional adoption rose as PNC offered spot trading and Bank of America recommended 1%-4% allocations. Speculative leverage declined, reducing extreme volatility risks.

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