Bitcoin Price Soars Ahead Of Fed Rate DecisionThe Bitcoin price is showing some positive trend movements, as traders prepare for the Federal Reserve’s rate decision today, at which a 25 basis point cut is widely expected. Fed rate cuts traditionally signal a rally in crypto markets as lower yields on assets like bonds send investors to riskier assets like crypto. “When the Fed cuts rates within 2% of all-time highs, the S&P 500 typically loves it,” The Kobeissi Letter said. In 20 of the last 20 times this has happened, the S&P 500 has ended higher 1 year later. The S&P 500 has risen an average of +13.9% over the following 12 months, per Carson Research.