Bitcoin climbed nearly 6% over the past 24 hours from Wednesday’s whipsaw below $60,000 as traders digested the Fed’s decision to lower benchmark interest rates by 50 basis points, a move many observers say may mark the beginning of an easing cycle by the U.S. central bank. The largest crypto hit its highest price this month at $63,800 during the U.S. trading hours before stalling and retracing to just above $63,000.
Source: https://www.coindesk.com/markets/2024/09/19/bitcoin-faces-key-test-at-64k-as-altcoins-lead-crypto-rally-options-traders-bet-on-70k-btc-next-month/?utm_medium=referral&utm_source=rss&utm_campaign=headlines