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So the Fed finally pulled the trigger on a rate cut, and everyone's waiting for bitcoin to pop off. But here's the thing – BTC barely moved. Like, at all.
You'd think cheaper money flowing into the system would send crypto flying, right? That's been the narrative for years. Lower rates mean more liquidity, investors hunt for yield, and bitcoin usually catches a bid. Classic playbook.
Except this time? Nothing. Price action stayed flat while traditional markets had their moment. Makes you wonder what's actually driving things now.
Maybe the market already priced it in weeks ago. Or maybe institutional players are sitting on the sidelines waiting for clearer signals. Could be that macro correlation everyone talks about isn't as tight as we thought.
Whatever the reason, it's a reminder that crypto doesn't always follow the script. The old "Fed cuts = number go up" formula might need an update.