Fed Chairman Stephen Milan's objection triggers market reaction

The Fed lowered interest rates by 25 basis points to 4.00%-4.25%, and the new Fed director Stephen Miran held a different opinion and supported the cut of 50 basis points. This is the first rate cut by the Federal Reserve since December 2024, marking a shift toward easing monetary policy amid weak labor market data. Bitcoin is trading at $115,948.24 and has a market cap of $2.31 trillion, and analysts point out that increased liquidity could have a positive impact on the cryptocurrency market.