Post-Fed rate cut: Bitcoin steadies, tradfi surges, ICNT soars +40%

Following the Fed rate cut, its 3rd rate cut in a row, Bitcoin is trying to find a more solid footing.

Spot prices of the world's biggest crypto yet again rebounded off its 21-day simple moving average (SMA) - a critical support level for most of this week.

However, across the tradfi space, major assets across global financial markets have been able to take greater advantage of US interest rates moving lower: