The Federal Reserve decision and Powell's statements push Bitcoin to a new peak near $77,000, making it the ninth largest financial asset globally.

In the first meeting of the Federal Open Market Committee after the U.S. presidential elections in November, the U.S. Federal Reserve decided to cut interest rates by 25 basis points, which was anticipated by the market and experts. This provided significant support for the digital currency Bitcoin, pushing it to record a new historical peak near $77,000.

The Federal Reserve attributed its decision to the decline in inflation rates in the country and reaffirmed its goal of reducing inflation to 2% in the coming months. Additionally, Fed Chairman Jerome Powell mentioned that the economy remains strong and confirmed that the Fed does not need to take further action to reduce inflation, although he acknowledged that the labor market has begun to slow down, even though it is still historically in a good position.

The U.S. dollar continued to lose value following the Fed's decision and Powell's statements, leading to a significant increase in the price of Bitcoin, which is typically very sensitive to news regarding the United States. This drove the currency to gain more than $1,200, expanding its early session gains and recording a new historical peak at $76,990.

This came after Bitcoin had already experienced a significant surge following the news of Donald Trump's victory in the presidential election yesterday, breaking its all-time high from March due to that news.

In terms of weekly trading, Bitcoin has currently risen by 8.1% for the week, with gains of over 22.2% in the past month, bringing its market capitalization to more than $1.52 trillion, making it the ninth largest financial asset globally.