Farcaster

In the first FOMC meeting after the November US presidential elections, the nation’s central bank cut the interest rates by 25 basis points, which was what the market and experts anticipated.
Bitcoin’s price, which is typically very susceptible to US-related news, was already at all-time high levels of just shy of $77,000 and remained relatively still.
It has been a big week for the world’s largest economy as the nation elected a new president on Tuesday, who presents an entirely different direction for the next four years.

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Bitcoin, already trading near record highs of $77,000, showed little reaction to the major political shift brought by the U.S. presidential election.
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