Founders

In the first meeting of the Federal Reserve Open Market Committee (FOMC) after the US presidential election, the country's central bank cut the interest rate by 25 hundredths of a percentage point, which was in line with the expectations of the market and experts. Bitcoin, usually sensitive to US news, held relatively steady at an all-time high near $77,000. Federal Reserve Chairman Jerome Powell announced the decision based on the country's declining inflation rate and reaffirmed its goal of reaching 2% in the coming months.