Cryptocurrency Markets Trade Flat After the Federal Reserve Announced a 50-Basis-Point Interest Rate Cut

Cryptocurrency markets are trading relatively flat after the Federal Reserve announced a 50-basis-point interest rate cut, making risk assets more attractive.

Cryptocurrency markets are showing little movement following the announcement of a 50-basis-point interest rate cut by the Federal Reserve, a move that is increasing the attractiveness of risk assets.

Top Gainers:

Chart analysis by a popular crypto trader is indicating that today's close above $61,500 "could signal the resumption of the bull market! Uptober."

The full analysis can be seen below.

#Bitcoin attempts to break through an important trend line. Closing today above $61,500 could signal the resumption of the bull market! #Uptober ? pic.twitter.com/CU2a38Jsdh

— Ali Martinez (@ali_martinez_) October 4, 2023

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