Bitcoin, Ethereum, and Dogecoin Surge Higher After Fed Cuts Rates – The Motley Fool

Bitcoin, Ethereum, and Dogecoin saw a significant increase in value following the Federal Reserve’s decision to cut interest rates. This surge in the cryptocurrency market comes as investors seek alternative assets in response to the Fed’s monetary policy changes. Bitcoin, the most well-known cryptocurrency, experienced a notable rise in value, as did Ethereum and Dogecoin. This uptrend in the market demonstrates the growing interest in digital currencies as a hedge against traditional financial instruments.