Bitcoin Jumps Near $61,000 After Fed's Rate Cut – What It Means for Crypto
Wednesday, 18 September 2024, 11:38
Bitcoin has surged close to $61,000 following a 0.25% rate cut by the Federal Reserve, resulting in notable gains for both Bitcoin and the S&P 500.
Market Reactions
After the announcement, Bitcoin witnessed a swift increase, capturing investor attention.
Impact on Crypto
- Spurred investor confidence
- Potential for further growth
- Comparison with stock market movements
Future Outlook
As the market digests this change, the focus will be on how Bitcoin maintains its momentum and influences other cryptocurrencies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.