Bitcoin, the largest cryptocurrency by market value, surged past $62,000 after a series of key events unfolded in the financial and crypto markets. The U.S. Federal Reserve’s recent decision to cut interest rates has been a significant factor in this rally.
Other major developments in the financial markets have also contributed to the increase in Bitcoin's price.
Analysts are now closely watching for Bitcoin to potentially break past its current price levels, signaling further gains in the market.
