Bitcoin reaches the new high, since the Fed lowers the interest by 25 basis points

• Bitcoin rose to a new all-time high of over $ 76,600 $ 76,600 on Thursday.
• also the decision of the Federal Reserve to reduce interest rates by 25 basis points and to announce a further tightening, gave the markets.
• Analysts say that the inflow of "cheap capital" could increase the bull market.

Bitcoin rose the third day in a row and reached a new all-time high of over $ 76,000.

According to the data from Coingecko, the flagship cryptocurrency reached a maximum of $ 76,677 on November 7 on the most important stock exchanges. This happened after BTC on November 5 with the news that Donald Trump won the US presidential election, achieved a new all-time high of over $ 75,000.

The top crypto also increased and broke the $ 76,000 mark when Kamala Harris admitted a defeat and US President Joe Biden confirmed that he would hand over power to the new 47th president.

Bitcoin reaches a new maximum level

in the middle of the Fed interest rate.

On November 7, the Bitcoin Prize reached a new all-time high of over $ 76.6,000 when the Federal Reserve announced an interest reduction by 25 basis points. The news after Trump's election victory increased the positive mood in the markets for risk systems.

The interest rate of the Fed is the second after the reduction by 50 basis points in September. The step follows in a declining inflation data and a cooler job market. In view of the interest rate of the Fed and the chairman Jerome Powell, the market should continue to rise Remarks . Will "cheap capital" come onto the market? The investor and entrepreneur Anthony Pompliano is of the opinion.

Breaking: The Federal Reserve has reduced the interest by 25 basis points.

cheap capital comes onto the market.

- Anthony Pompliano 🌪 (@apompliano) 7. November 2024

btc led the cryptocurrencies in a short upswing, with Ethereum, Solana and BNB recorded some remarkable growth.

ETH, for example, exceeded the $ 2,880 mark with an intra-bike increase of $ 2,717. Sol made it into the top 4 after market capitalization after it rose to almost 198 US dollars and exceeded BNB with a market capitalization of over $ 92.8 billion.

In the meantime, the BNB exceeded

for the first time since the end of October and reached the highest levels over $ 610. The market capitalization of the coin was $ 87.3 billion at the time of writing.