Bitcoin Broke $62K After Fed Rate Cuts. Here’s What Traders Say Will Happen Next

“The broader wide-ranging economic slowdown stipulated by softer economic indicators and geopolitical complexities is tempering investor sentiment,” Aruliah transcribed in an emailed statement. “Therefore, while a 0.5% reduction in the Fed’s policy rate may provide a short-term boost to the cryptocurrency furnish, it is crucial to remain vigilant regarding the potential challenges posed by economic uncertainty and market fluctuations.”