Bitcoin Edges Lower on Mild Profit Taking

Core Insights - Bitcoin experienced a slight decline due to profit-taking after reaching a one-month high [1] - The Federal Reserve resumed interest rate cuts, initially causing Bitcoin to drop, but later it rebounded as the Fed indicated further rate cuts favorable for risky assets [2] Group 1: Market Reactions - Bitcoin fell slightly as traders took profits after a recent peak [1] - The Federal Reserve's decision to cut interest rates led to an initial drop in Bitcoin prices [1] - Bitcoin later reversed its trend and increased as the Fed's stance on further rate cuts was seen as positive for riskier investments [2]