Bitfinex: Fed Rate Cut Triggers Bitcoin Volatility

Bitfinex reports that following the Federal Reserve's first rate cut since 2024, Bitcoin's price briefly dipped to $112,500 before reaching $118,000. Although profit-taking caused fluctuations, derivative market positions have become more balanced, easing concerns about a downturn. On-chain data shows that Bitcoin's trading price is above 95% of the supply cost (approximately $115,200), with most holders returning to profitability. The report highlights that macroeconomic pressures, the development of sovereign digital currencies, and regulatory changes will continue to shape the cryptocurrency market landscape.