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Bitcoin Price Climbs Toward $61,000
Bitcoin price attempts to turn the tide after Fed’s 0.5% rate cut
Bitcoin rallied above $61,000 following the United States Federal Reserve’s decision to cut interest rates by 50 basis points. The Fed’s decision to cut rates for the first time since 2020 is a move long predicted by crypto traders,
Bitcoin Price Climbs Toward $61,000 After Fed Cuts Interest Rates
Key Takeaways The Federal Reserve announced an interest rate cut of 50 basis points on Wednesday, lifting shares of top cryptocurrencies and some crypto-linked shares.Bitcoin has tended to rise around signs that the Fed will lower interest rates due to the perception that the cryptocurrency is a risk-on asset.
Bitcoin hovers around $61K as markets brace for Fed rate cuts
Bitcoin (BTC) went on to hit the $61,000 price level after a brief dip as all investor’s eyes are still locked on the US Federal Open Market Committee (FOMC) meeting. The global crypto market printed majorly green indexes depicting traders’ confidence over much anticipated rate cuts.
5h
on MSN
3 Reasons to Buy Bitcoin Before the End of 2024
For the first time ever, Bitcoin has emerged as a legitimate campaign issue. In the run-up to the November presidential ...
Cointelegraph.com on MSN
11h
Feds end Bitcoin bandits’ luxury life fueled by $230M crypto scam
US federal agents have arrested two in connection to a massive crypto heist involving 4,100 Bitcoin from a single victim.
The Daily Hodl
14h
BlackRock Says Bitcoin a ‘Unique Diversifier’ Amid Geopolitical, Fiscal and Political Risks
Finance giant BlackRock is saying that Bitcoin (BTC) is a unique investment opportunity offering investors something much ...
Crypto News Flash
5h
Government Bitcoin Rankings: Surprising Players Emerge in 2024
The US holds $12.16B in Bitcoin, leading global government reserves, while Bhutan actively mines, holding $782.46M in crypto ...
19h
on MSN
Bitcoin options markets reduce risk hedges — Are new range highs in sight?
Bitcoin (BTC) surged by 6% after the United States Federal Reserve (Fed) lowered interest rates by 0.50% on Sept. 18, pushing ...
blockonomi
6h
$35 Trillion Question: Can Bitcoin Hedge Against U.S. Debt? BlackRock Thinks So
BlackRock highlights bitcoin's potential as a hedge against economic uncertainty amid growing U.S. debt concerns and a ...
1d
How Crushing Sovereign Debt Supports Bitcoin Price And Stablecoins
There have been waves of Bitcoin adoption - from individuals to institutions to now some of the largest nation-states in the ...
1h
MicroStrategy raises $1.01B for Bitcoin acquisitions
MicroStrategy raises $1.01 billion through convertible senior notes, aiming to acquire more Bitcoin and redeem $500 million ...
cryptoglobe
22h
VanEck CEO Jan van Eck on U.S. Fiscal Concerns, Bitcoin, Gold, and U.S. Stock Market
In van Eck’s view, the U.S. cannot continue with its current spending levels, particularly after witnessing inflation spurred ...
10d
on MSN
United States of Bitcoin
Chinese-owned bitcoin mines are popping up in rural towns across the US. And they require massive amounts of American energy.
AMBCrypto
7d
India – 1st, United States – 4th, Bitcoin ‘most adopted?’ – Chainalysis Report
According to the latest findings, India and Nigeria remain at the forefront of global crypto adoption, while Indonesia has ...
CoinDesk on MSN
2h
Bitcoin, Gold May Be Sensing Monetary Debasement as Records Beckon
With both assets leading the market, here's a closer look at the factors driving their remarkable performance.
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