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<ul class="wp-block-list news-points">
 <li>Macroeconomic policies in the U.S. and Japan have triggered bullish moves in Bitcoin.</li>
 <li>Bitcoin gained over 11% in less than one week.</li>
 <li>The Bank of Japan maintained an interest rate of 0.25%.</li>
</ul>
Macroeconomic policies in the U.S. and Japan have triggered <a href="https://www.youtube.com/watch?v=NRfDtK5vWQs" target="_blank" rel="noopener noreferrer nofollow">Bitcoin bullish moves</a>. The <a href="https://coinmarketcap.com/currencies/bitcoin/#Chart" target="_blank" rel="noopener noreferrer nofollow">orange coin’s price</a> jumped this week after interest rate decisions by the Federal Reserve and the Bank of Japan. Since the U.S. Fed’s interest rate cut decision, Bitcoin gained over 11% by the end of the week, pushing the price above $62,000 for the first time in September.
On September 18, the U.S. Federal Reserve lowered its interest rate by <a href="https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20240918.pdf" target="_blank" rel="noopener noreferrer nofollow">50 basis points</a>, the first cut since the COVID-19 pandemic. This move, aimed at curbing rising inflation, triggered a surge in Bitcoin’s price, with BTC gaining 4.26% last Wednesday.
Two days after the Fed’s decision, the Bank of Japan (BOJ) announced it was maintaining its interest rate at 0.25%. The BOJ’s governor noted the central bank wants to see the effects of global economic uncertainties before making any changes.
<h2 class="wp-block-heading" id="h-bitcoin-responds-with-further-gains">Bitcoin Responds with Further Gains</h2>
Bitcoin responded to the BOJ’s interest rate decision with more upward mov…
The post <a href="https://coinedition.com/bitcoin-rallies-as-fed-cuts-rates-bank-of-japan-holds-steady/" rel="noopener noreferrer nofollow">Bitcoin Rallies as Fed Cuts Rates, Bank of Japan Holds Steady</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Rallies as Fed Cuts Rates, Bank of Japan Holds Steady

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