Bitcoin price held steady overnight as investors assessed the impact of the Federal Reserve interest rate decision. The BTC/USD pair was trading at 63,400, a few points below Monday’s low of 64,685. Like other risky assets, Bitcoin is expected to benefit substantially from the Fed’s decision to cut interest rates last week. It joined other central banks like the European Central Bank (ECB), South Africa Reserve Bank (SARB), and Swiss National Bank. These cuts mean the world is slowly moving to an easy money period, where cash is cheap. Risky assets like Bitcoin and other cryptocurrencies do well in those periods as we saw during the Covid-19 pandemic.