In a rather unseemingly fashion, Bitcoin’s (BTC) journey to a new all-time high at $108,268 was followed by an estimated 17% decline pushing the asset’s price to a local bottom of $92,281. This heavy price decline has been attributed to the recent policy announcement by the US Federal Reserve which adopted another 25 basis point rate cut at its latest FOMC meeting. While interest rate cuts are bullish signals to the crypto market, the Fed also revealed intentions to reduce its initially projected four rate cuts in 2025 from four…
