{"id":396555,"date":"2019-09-19T13:00:27","date_gmt":"2019-09-19T13:00:27","guid":{"rendered":"https:\/\/uniquehot.com\/?p=396555"},"modified":"2024-06-11T13:25:35","modified_gmt":"2024-06-11T13:25:35","slug":"bitcoin-surrenders-post-fed-rate-cut-pullback-awaited","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/","title":{"rendered":"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited"},"content":{"rendered":"<p>Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points.<\/p>\n<p>The BTC\/USD instrument settled a new session low towards $9,585.86 on San Francisco-based Coinbase exchange. That brought the pair&#8217;s week-to-date losses close to 7 percent.<\/p>\n<figure id=\"attachment_396559\" aria-describedby=\"caption-attachment-396559\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/bitcoin-price-19092019-2.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-396559\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/bitcoin-price-19092019-2.png?resize=860%2C608\" alt=\"bitcoin, bitcoin price\" width=\"860\" height=\"608\"><\/a><figcaption id=\"caption-attachment-396559\" class=\"wp-caption-text\">Bitcoin price slips following the Federal Reserve&#8217;s announcement of a rate cut | Image credits: TradingView.com<\/figcaption><\/figure>\n<h2>Hawkish Fed Bad for Bitcoin<\/h2>\n<p>The move downhill occurred despite the presence of so-called bullish catalysts, mainly the recent <a href=\"https:\/\/uniquehot.com\/2019\/09\/17\/bitcoin-down-as-saudi-attack-raises-fears-of-economic-crisis\/\">drone attacks on Saudi Arabia oil production facilities<\/a> that choked the world&#8217;s oil supply by 5 percent. The latest rate cut announcement and its immediate impact on bitcoin\u00a0are reminiscent of how investors are not treating the cryptocurrency bitcoin as a safe-haven asset in the times of macroeconomic and geopolitical crisis.<\/p>\n<p>Bulls, nevertheless, see bitcoin at new highs in the coming times. According to Arthur Hayes, the CEO &amp; co-founder of controversial crypto-derivatives exchange BitMEX, bitcoin would surge to $20,000 after taking cues from the Fed&#8217;s dovish sentiment.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">QE4eva is coming. Once the Fed gets religion again, get ready for <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#bitcoin<\/a> $20,000.  <a href=\"https:\/\/t.co\/gCBgaernYv\" rel=\"nofollow\">https:\/\/t.co\/gCBgaernYv<\/a><\/p>\n<p>&mdash; Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/83030530?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 18, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Nigel Green, the founder &amp; CEO of a global financial advisory giant deVere Group, also considers\u00a0Fed&#8217;s dovish outlook is bullish for the bitcoin price.<\/p>\n<blockquote><p>\u201cThis is because an interest rate cut reduces the incentive to keep the fiat currency,&#8221; explained Green. &#8220;In addition, rate cuts typically lead to higher inflation, which reduces the purchasing power of traditional currencies.&#8221;<\/p><\/blockquote>\n<p>But the Fed appears in no mood to deepen its interest rate any further, <a href=\"https:\/\/www.ft.com\/content\/7416987a-da38-11e9-8f9b-77216ebe1f17\" rel=\"nofollow\">reports<\/a> FT. The US central bank more or less kept its sentiment balanced, stating that it would &#8220;act as appropriate to sustain the expansion.&#8221; The statement received flacks from the US President Donald Trump who tweeted that the Fed chairman Jerome Powell is a terrible communicator with &#8220;no guts, no sense, no vision!&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin Rocket Fuel \ud83d\udd25<\/p>\n<p>&mdash; Pomp \ud83c\udf2a (@APompliano) <a href=\"https:\/\/twitter.com\/APompliano\/status\/26409730?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 18, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The less-than-expected dovish call from the Fed sent US stocks on a flat trajectory. The benchmark S&amp;P 500 closed mildly higher on Wednesday. The index&#8217;s futures, on the other hand, was pointing to a 0.17 percent decline when the market opens on Thursday. Gold\u00a0slipped.<\/p>\n<h2>Weaker US Dollar<\/h2>\n<p>Bitcoin is now waiting for a weaker purchasing power in the US dollar \u2013 and almost all the other fiat currencies losing value by dovish central bank policies. The dollar strengthened shortly after the Fed&#8217;s rate cut announcement since investors expected a less hawkish response. Nevertheless, the greenback was appearing slightly weaker on Thursday following the European session open.<\/p>\n<blockquote><p>\u201cIt is a bit of a hawkish cut since you had those dissents,\u201d said Seema Shah, the chief strategist at Principal Global Investors. \u201cMarkets may have been expecting more given what happened over the weekend with oil markets, and that is why equity markets are not reactive in a particularly positive way.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points. The BTC\/USD instrument settled a new session low towards $9,585.86 on San Francisco-based Coinbase exchange. That brought the pair&#8217;s week-to-date losses close to 7 percent. Hawkish Fed Bad for Bitcoin The move downhill occurred despite the presence of so-called bullish catalysts, mainly the recent drone attacks on Saudi Arabia oil production facilities that choked the world&#8217;s oil supply by 5 percent. The latest rate cut announcement and its immediate impact on bitcoin\u00a0are reminiscent of how investors are not treating the cryptocurrency bitcoin as a safe-haven asset in the times of macroeconomic and geopolitical crisis. Bulls, nevertheless, see bitcoin at new highs in the coming times. According to Arthur Hayes, the CEO &amp; co-founder of controversial crypto-derivatives exchange BitMEX, bitcoin would surge to $20,000 after taking cues from the Fed&#8217;s dovish sentiment. QE4eva is coming. Once the Fed gets religion again, get ready for #bitcoin $20,000. https:\/\/t.co\/gCBgaernYv &mdash; Arthur Hayes (@CryptoHayes) September 18, 2019 Nigel Green, the founder &amp; CEO of a global financial advisory giant deVere Group, also considers\u00a0Fed&#8217;s dovish outlook is bullish for the bitcoin price. \u201cThis is because an interest rate cut reduces the incentive to keep the fiat currency,&#8221; explained Green. &#8220;In addition, rate cuts typically lead to higher inflation, which reduces the purchasing power of traditional currencies.&#8221; But the Fed appears in no mood to deepen its interest rate any further, reports FT. The US central bank more or less kept its sentiment balanced, stating that it would &#8220;act as appropriate to sustain the expansion.&#8221; The statement received flacks from the US President Donald Trump who tweeted that the Fed chairman Jerome Powell is a terrible communicator with &#8220;no guts, no sense, no vision!&#8221; Bitcoin Rocket Fuel \ud83d\udd25 &mdash; Pomp \ud83c\udf2a (@APompliano) September 18, 2019 The less-than-expected dovish call from the Fed sent US stocks on a flat trajectory. The benchmark S&amp;P 500 closed mildly higher on Wednesday. The index&#8217;s futures, on the other hand, was pointing to a 0.17 percent decline when the market opens on Thursday. Gold\u00a0slipped. Weaker US Dollar Bitcoin is now waiting for a weaker purchasing power in the US dollar \u2013 and almost all the other fiat currencies losing value by dovish central bank policies. The dollar strengthened shortly after the Fed&#8217;s rate cut announcement since investors expected a less hawkish response. Nevertheless, the greenback was appearing slightly weaker on Thursday following the European session open. \u201cIt is a bit of a hawkish cut since you had those dissents,\u201d said Seema Shah, the chief strategist at Principal Global Investors. \u201cMarkets may have been expecting more given what happened over the weekend with oil markets, and that is why equity markets are not reactive in a particularly positive way.\u201d<\/p>\n","protected":false},"author":496,"featured_media":396561,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428],"class_list":["post-396555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin"],"acf":[],"yoast_head":"\n<title>Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited<\/title>\n<meta name=\"description\" content=\"Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points. The BTC\/USD instrument settled a new\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited\" \/>\n<meta property=\"og:description\" content=\"Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points. The BTC\/USD instrument settled a new\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-19T13:00:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:25:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"668\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Davit Babayan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Davit Babayan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/\"},\"author\":{\"name\":\"Davit Babayan\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/7038e8ef0d3a8f446d711acb2308b223\"},\"headline\":\"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited\",\"datePublished\":\"2019-09-19T13:00:27+00:00\",\"dateModified\":\"2024-06-11T13:25:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/\"},\"wordCount\":477,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668\",\"keywords\":[\"bitcoin\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/\",\"name\":\"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668\",\"datePublished\":\"2019-09-19T13:00:27+00:00\",\"dateModified\":\"2024-06-11T13:25:35+00:00\",\"description\":\"Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points. The BTC\/USD instrument settled a new\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668\",\"width\":1000,\"height\":668,\"caption\":\"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/7038e8ef0d3a8f446d711acb2308b223\",\"name\":\"Davit Babayan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/161d05dbcdb1ab4b30f01583f979e49e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/161d05dbcdb1ab4b30f01583f979e49e?s=96&d=mm&r=g\",\"caption\":\"Davit Babayan\"},\"description\":\"Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, \\\"A Homeless Who Found Bitcoin.\\\"\",\"url\":\"https:\/\/uniquehot.com\/author\/davitbabayan\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited","description":"Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points. The BTC\/USD instrument settled a new","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited","og_description":"Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points. The BTC\/USD instrument settled a new","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2019-09-19T13:00:27+00:00","article_modified_time":"2024-06-11T13:25:35+00:00","og_image":[{"width":1000,"height":668,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668","type":"image\/jpeg"}],"author":"Davit Babayan","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Davit Babayan","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/"},"author":{"name":"Davit Babayan","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/7038e8ef0d3a8f446d711acb2308b223"},"headline":"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited","datePublished":"2019-09-19T13:00:27+00:00","dateModified":"2024-06-11T13:25:35+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/"},"wordCount":477,"commentCount":0,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668","keywords":["bitcoin"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/","name":"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668","datePublished":"2019-09-19T13:00:27+00:00","dateModified":"2024-06-11T13:25:35+00:00","description":"Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points. The BTC\/USD instrument settled a new","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668","width":1000,"height":668,"caption":"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/7038e8ef0d3a8f446d711acb2308b223","name":"Davit Babayan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/161d05dbcdb1ab4b30f01583f979e49e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/161d05dbcdb1ab4b30f01583f979e49e?s=96&d=mm&r=g","caption":"Davit Babayan"},"description":"Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, \"A Homeless Who Found Bitcoin.\"","url":"https:\/\/uniquehot.com\/author\/davitbabayan\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited","url":"http:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Davit Babayan"}],"creator":["Davit Babayan"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin"],"dateCreated":"2019-09-19T13:00:27Z","datePublished":"2019-09-19T13:00:27Z","dateModified":"2024-06-11T13:25:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-surrenders-post-fed-rate-cut-pullback-awaited\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/09\\\/shutterstock_229131379.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/09\\\/shutterstock_229131379.jpg?fit=1000%2C668\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Davit Babayan\"}],\"creator\":[\"Davit Babayan\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\"],\"dateCreated\":\"2019-09-19T13:00:27Z\",\"datePublished\":\"2019-09-19T13:00:27Z\",\"dateModified\":\"2024-06-11T13:25:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/shutterstock_229131379.jpg?fit=1000%2C668","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/396555"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/496"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=396555"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/396555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/396561"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=396555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=396555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=396555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}