The US Federal Reserve's surprise quarter-point rate cut sparked a sharp Bitcoin rally as investors sought alternatives to traditional markets. Crypto prices climbed as market participants reacted to easier monetary policy.
At the same time France announced plans for a government-backed digital currency, a move that could reshape the crypto landscape and challenge existing cryptocurrencies like Bitcoin. The announcement added fresh momentum and debate across the industry.
With rising US-China tensions and broader market volatility, Bitcoin is increasingly viewed as a potential safe haven. The episode highlights short-term price impacts and longer-term questions about regulation, digital currencies, and where investors will seek protection next.
