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Third Fed Rate Cut Lights Fire Under Bitcoin ETFs, Crypto FOMO
Yahoo Financeยท 2025-12-11 09:06
The US Federal Reserve announced its third-consecutive rate cut for 2025 on Wednesday, Dec. 10, triggering inflows into spot Bitcoin products. The Fed cut its main interest rate by 25 basis points, 0.25%, with a new target range of 3.5% to 3.75%, the lowest in about 3 years, CNBC reported. This is the third rate cut in a row in 2025, which is the first cut happened on Sept. 17 and the second on Oct. 29. According to the CNBC report, the stock market saw notable gains following the announcement from the ...