The U.S. Federal Reserve cut interest rates by 25 basis points on Wednesday, marking its first policy shift in months. This decision, largely anticipated by markets due to softer inflation data, propelled Bitcoin (BTC) above $117,000 as traders bet that easier monetary policy would fuel further gains. BTC had previously struggled to maintain levels above $115,000 while awaiting clarity from the FOMC meeting.
BitMEX founder Arthur Hayes suggested Bitcoin could reach $200,000 by year-end, arguing that the bull cycle is far from over and may extend into 2026. Fed officials indicated potential for two additional quarter-point cuts this year, depending on economic data.
Concurrently, Bitcoin Hyper (HYPER), a meme-driven Bitcoin Layer-2 solution, has raised $16.5 million in its ongoing ICO. The project aims to integrate the Solana Virtual Machine (SVM) with Bitcoin, enabling high-speed dApps and smart contracts while settling on Bitcoin's base layer. HYPER tokens are currently priced at $0.012935 in the presale, with a fully diluted valuation of approximately $272 million.
TEA
ETH
BNB
KSGT
ENA
MEME
SPEC
MAVIA
ICNT