The post Bitcoin and Ethereum Soar After Fed Rate Cut Announcement appeared on BitcoinEthereumNews.com.

Key Highlights Bitcoin (BTC) and Ethereum (ETH) have witnessed a tiny spike after the Federal Reserve announced the rate cut On December 10, the Federal Reserve lowered the funds rate by 25 basis points to a target range of 3.50%-3.75% Tom Lee stated that Bitcoin’s 4-year cycle is dead and the cryptocurrency market is now in a supercycle  On Wednesday, the biggest cryptocurrency, Bitcoin, reclaimed its $94,000 just a few minutes after Federal Reserve chairman Jerome Powell announced a cut in its key interest rate for the third time in a row.  The Federal Reserve announced its target rate upper bound at 3.75%, in line with the expected 3.75% and down from the previous 4.00%, marking a 25-basis-point cut. https://t.co/yLfEbbuh5B — Wu Blockchain (@WuBlockchain) December 10, 2025 At the time of writing, the cryptocurrency is trading at around $93,731 with a 0.74% surge in the last 24 hours. Its market capitalization is around $1.87 trillion, according to CoinMarketCap.  Fed Delivers Rate Cut, Says Further Cuts Unlikely for Now On December 10, the U.S. Federal Reserve declared its third consecutive interest rate cut of this year. It reduced the federal funds rate by 25 basis points to a target range of 3.50%-3.75%. This decision was approved by a divided 10-3 vote by the Federal Open Market Committee (FOMC). This rate cut is expected to support a worsening labor market amid continuous inflation pressures.   Officials have cited rising concerns of job losses, with unemployment expected to reach 4.4% next year. They also noted that hiring has been weaker than expected. At the same time, they admitted that import taxes have helped keep inflation elevated at 2.8%, which is above their official 2% goal.  The Federal Reserve’s latest interest rate projection, known as the “dot pot,” now indicates that only one more rate…

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Filed under: News - @ December 10, 2025 9:40 pm