The Federal Reserve has made a 25 basis point interest rate cut.

The Federal Reserve Lowers Interest Rates

The Federal Reserve has reduced the policy interest rate by 25 basis points, bringing it down to a range of 3.75% - 4.00%. This decision was met with widespread expectation in the financial markets.

Bitcoin, on the other hand, has experienced approximately a 3% loss in value over the past 24 hours. During this period, the cryptocurrency has become the focal point for investors.

Markets are awaiting a press conference from Federal Reserve Chairman Jerome Powell. Powell's statements may provide further clues about the central bank's future policies.