The US Federal Reserve has cut interest rates three times in three months, lowering the target range from 4.25%+ down to 3.50%-3.75%. Each cut came with the same short-term effect, i.e., markets sold the news.

On September 17, Bitcoin dropped sharply before bouncing toward a fresh all-time high weeks later. On October 29, the pattern repeated as price dropped after the cut and moved lower until it found support near $83,000.

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