Whether the Federal Reserve delivers a 25 or 50 basis point rate cut, it could mean a turnaround for bitcoin miners, which have been struggling so far this year, market participants said.

The Federal Reserve implemented a 50 basis point rate cut, with expectations of further reductions to bring the median benchmark rate to 4.4% by

Bitcoin fell after the Federal Reserve reduced borrowing rates for the first time since the Covid pandemic paralyzed the economy more than four years ago and helped cryptocurrencies break into the mainstream.