Bitcoin Gains as Fed Rate Cut Boosts Appeal of Riskier Assets

The Bitcoin price surged on Wednesday, the day the Federal Reserve cut interest rates. Riskier investments are now even more appealing due to this move Bitcoin, the leading cryptocurrency is the one that benefits most and it is now at the highest level ever. This behavior is caused by the monetary policy executed by the central bank of the country which is aimed at providing support for the economic development through the redistribution of funds which were previously demobilized and now quite favorably assigned to the debts with higher royalties of the borrowers like Bitcoin.

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