Bitcoin hits new ATH as Fed cuts interest rates by 25 bps

Bitcoin spiked to a new all-time high above $76,600 on Thursday amid bullish sentiment around Donald Trump’s election victory. The Federal Reserve’s decision to cut interest rates by 25 basis points and indicate further tightening also buoyed markets. Analysts say the influx of ‘cheap capital’ could strengthen the bull market. Bitcoin rose for the third […]