Bitcoin Hits $94,500, Falls Below $90,000 After Fed Cuts Rates 25 Basis Points

The Federal Reserve cut rates by 25 basis points to 3.50%-3.75% on Dec. 11, BlockBeats reports. Bitcoin rose to $94,500 following the announcement before falling below $90,000. Donald Trump criticized the cut as too small, saying it should be doubled, and hinted at replacing the Fed chair.