3 Cuts, 3 Dumps... Bitcoin Seems to Drop Every Time the Fed Eases

The US Federal Reserve has cut interest rates three times in three months, lowering the target range from 4.25%+ down to 3.50%-3.75%. Each cut came with the same short-term effect, i.e., markets sold the news.

On September 17, Bitcoin dropped sharply before bouncing toward a fresh all-time high weeks later. On October 29, the pattern repeated as price dropped after the cut and moved lower until it found support near $83,000.