1 month ago
By
Renae Dyer, Dow Jones Newswires
Bitcoin fell slightly as traders take profits after the cryptocurrency reached a one-month high in the previous session.
The Federal Reserve resumed cutting interest rates on Wednesday. Bitcoin initially fell after the decision as Fed Chair Jerome Powell pointed to more measured path of rate cuts than anticipated.
However, bitcoin later reversed higher as the Fed still pointed to further rate cuts that are positive for risky assets.
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