On September 26, CoinDesk reported that since the Federal Reserve cut the federal funds rate by 50 basis points a week ago, the debate has intensified as to whether this rate cut represents the normalization of overly tight monetary policy to curb inflation or a preparation for the coming economic downturn.
Risk assets including Bitcoin and Altcoin rebounded after the Fed's decision, showing that the market sees the rate cut as a normalization move. Some analysts predict that Bitcoin will accelerate its rise once it breaks through the $65,200 resistance level.
