Fed Announces Third Rate Cut for 2019, Bitcoin (BTC) Still Uncertain

The US Federal Reserve once again cut interest rates by a quarter percentage points, the third intervention for 2019. Thus, the basis interest rate has been lowered to a target of 1.5-1.75%. The Fed has also signalled the decision may be the last one in this series of quantitative easing.

The Fed lowered the interest rate after a series of overnight and short-term liquidity injections. The lowered interest rate has the aim of releasing more liquidity into the economy, as well as make the US dollar more competitive.

As for (BTC), its most dramatic ascent happene…

This article appeared first on Cryptovest

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