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Bitcoin Taps $63K After Fed Rate Cut Sparks Market Rally Bitcoin.com 19 Sep 2024

Bitcoin Taps $63K After Fed Rate Cut Sparks Market Rally 📈

USA Bitcoin Federal Reserve

Bitcoin reached an intraday peak of $63,227 on Thursday, following a decision by the U.S. Federal Reserve to lower the benchmark interest rate by 50 basis points on the previous day.

The decrease in federal interest rates led to a significant rally in the cryptocurrency market, with the entire sector experiencing a gain of over 5%.

Within the past 24 hours, global trading volume in the cryptocurrency market surged by 26.92%, reflecting increased investor activity and market optimism.

Quelle: news.bitcoin.com ↗

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