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Bitcoin No Longer Rules the Roost in Tether World



The US Federal Reserve has once again lowered interest rates by a quarter of a percentage, CNBC reports.

However, the Fed also hinted at postponing further reductions, which might disappoint President Donald Trump who earlier slammed the central bank way

Bitcoin No Longer Rules the Roost in Tether World

Crypto trader Luke Martin said he was going to watch whether the Bitcoin price would react to the new rate cut in the short-term.

However, Bitcoin hasn't been affected by the news. CoinStats data shows.

Meanwhile, the S&P 500 index has turned green immediately after the announcement.

As reported by U.Today, the BTC surged by more than 40 percent after Chinese President Xi Jinping embraced the Blockchain technology, but no doubt.

Unlike traditional asset, Bitcoin's price moves are highly unpredictable due to the relatively small size of the market.

Crypto critic Peter Schiff recently slammed BTC for market manipulations that allegedly triggered the enormous price spike.


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