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Bitcoin Price Surges 4% to $60K Amid Fed Rate Cut Hopes and Q4 Optimism Cryptonews vor 2 Tagen

Bitcoin Price Surges 4% to $60K Amid Fed Rate Cut Hopes and Q4 Optimism 📈

USA Bitcoin Federal Reserve

Bitcoin price surged by 4% reaching $60K, driven by growing expectations of a 50-basis-point cut in the Federal Reserve's rates. This optimism is building ahead of the Federal Open Market Committee (FOMC) meeting.

The anticipation of a rate cut has positively influenced market sentiment, leading to increased investments in Bitcoin. The potential for lower borrowing costs is seen as favorable for the cryptocurrency market.

Source: cryptonews.com ↗

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