<ul><li>Federal Reserve Chair Jerome Powell announced a 0.25% interest rate cut, following a 0.5% cut in September.</li><li>Inflation rates are now at 4.5% to 4.75%, with the American economy showing signs of taming inflation.</li><li>Bitcoin rose by 0.8% to $76,614 after the interest rate announcement.</li><li>With the cost of borrowing money lowering as interest rates decrease, risky markets like crypto tend to react favorably.</li></ul>

Bitcoin Nears All-Time High as Fed Cuts Interest Rates by 25 Basis Points

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