Bitcoin Poised for Breakout Near $61K as Fed Rate Cuts Loom, …

Sep 18, 2024 · Bitcoin’s price hovers near $61,900 as investors anticipate a potential breakout. Historical trends suggest BTC may rally in October, especially with a Federal Reserve rate cut …

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Bitcoin Poised For Breakout Near $61K As Fed Rate Cuts Loom, …

2 weeks from now

Sep 18, 2024 · Bitcoin’s price hovers near $61,900 as investors anticipate a potential breakout. Historical trends suggest BTC may rally in October, especially with a Federal Reserve rate cut …

econotimes.com

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Fed Cuts Interest Rates By 50 Basis Points, Bitcoin Briefly Hits $61K ...

2 weeks from now

Sep 18, 2024 · Bitcoin traded near $60,000 after Fed cut rates by 50 basis points. Fed members expect median benchmark rates to come down to 4.4% by year-end. Markets' appetite for risk …

businessinsider.com

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Bitcoin Hovers Around $61K As Markets Brace For Fed Rate Cuts - MSN

2 weeks from now

Bitcoin holds $60K. Bitcoin price breached $61K on Tuesday night before retracting to the $60K zone. BTC is now up by around 7% in the last 7 days, while, it remains down by 10% over the …

msn.com

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Bitcoin Readies For Fed As $61K Sets The Stage For Breakout

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Aug 23, 2024 · Traders have anticipated a September rate cut, priced in at 100%. Previous rate cuts have given mixed signals for Bitcoin’s price. As August 23 unfolds, Bitcoin (BTC) is …

dailycoin.com

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Bitcoin Gains 5% To $61K Ahead Of Fed, But Order Books

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Sep 17, 2024 · Bitcoin Gains 5% to $61K Ahead of Fed, but Order Books Suggest Rally Could Be Capped ... expected to cut its benchmark fed funds rate for the first time in four years. ... range …

coindesk.com

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Bitcoin Braces For Fed’s Powell As $61K BTC Price Eyes Next Breakout

2 weeks from now

Aug 23, 2024 · BTC price breakout bets center on the impact of Fed Chair Powell's speech ... Bitcoin braces for Fed’s Powell as $61K BTC price eyes next breakout ... “Last time Fed cut …

cointelegraph.com

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Fed Cuts Rates By 50 Bps, Bitcoin Briefly Reaches $61K

2 weeks from now

Sep 18, 2024 · The Federal Reserve cut interest rates by 50 basis points, sparking brief gains for Bitcoin, which hit $61K before pulling back. News Home; Latest; Dashboard; Charts; Store; …

bitbo.io

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Bitcoin Poised For Breakout Near $61K As Fed Rate Cuts Loom, …

2 weeks from now

Sep 19, 2024 · Bitcoin’s price hovers near $61,900 as investors anticipate a potential breakout. Historical trends suggest BTC may rally in October, especially with a Federal Reserve rate cut …

tokenpost.com

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Bitcoin Broke $62K After Fed Rate Cuts – Here’s What ... - FXStreet

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Sep 19, 2024 · The Federal Reserve implemented a 50 basis point rate cut, with expectations of further reductions to bring the median benchmark rate to 4.4% by year-end. ... Bitcoin broke …

fxstreet.com

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Bitcoin Soars To $62K As Fed Lowers Rates By 50 Basis Points Amid ...

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Sep 19, 2024 · Bitcoin price surges past $62,000 after U.S. Federal Reserve cuts interest rates by 50 basis points. ... Bitcoin Poised for Breakout Near $61K as Fed Rate Cuts Loom, October …

econotimes.com

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Bitcoin Broke $62K After Fed Rate Cuts. Here’s What Traders Say …

2 weeks from now

Sep 18, 2024 · Bitcoin is trading near $62K, up 2.4% in the last 24 hours. The CoinDesk 20 (CD20) , a measure of the largest digital assets, is up 3.4%. The broader crypto market moved …

businessinsider.com

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Bitcoin Soars Above $67K As Fed Rate Cuts Loom - Nasdaq

2 weeks from now

Oct 24, 2024 · The dollar index (DXY) has fallen from an overnight high of 104.57 to 104.30.In light of the Beige Book findings, many believe that the Fed’s current environment supports the …

nasdaq.com

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Bitcoin Poised For Breakout Near $61K As Fed Rate Cuts Loom, …

2 weeks from now

Sep 19, 2024 · Bitcoins price hovers near $61,900 as investors anticipate a potential breakout. Historical trends suggest BTC may rally in October, especially with a Federal Reserve rate cut …

tokenpost.com

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Bitcoin Jumps After Fed's Powell Signals Upcoming Rate Cut. What …

2 weeks from now

Aug 23, 2024 · Bitcoin rose more than 5% on Friday, after Federal Reserve Chair Jerome Powell said in a speech at the Jackson Hole Economic Symposium that the "time has come" for the …

morningstar.com

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Bitcoin Holds Above $60K As Traders Warn Of Sell-Off On 50 Basis …

2 weeks from now

Sep 18, 2024 · Fed funds data shows traders pricing in a 67% chance of a cut that will bring rates in the 4.5%-5% range from the current two-decade high between 5.25% and 5.5%.

businessinsider.com

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Bitcoin Broke $62K After Fed Rate Cuts. Here’s What Traders Say

2 weeks from now

Bitcoin is trading near $62K, up 2.4% in the last 24 hours. The CoinDesk 20 (CD20) , a measure of the largest digital assets, is up 3.4%. The broader crypto market moved higher.

msn.com

FAQs about Bitcoin Poised for Breakout Near $61K as Fed Rate Cuts Loom, … Coupon?

Will a 50 bps cut affect the price of bitcoin?

However, in the short term, the price of bitcoin may be subject to increased volatility, particularly as the market digests the implications of today’s 50 bps cut. The Federal Reserve’s decision to cut interest rates by 50 basis points marks a significant moment in the ongoing saga of global economic instability. ...

What happened to Bitcoin after fed cut rates?

Bitcoin traded near $60,000 after Fed cut rates by 50 basis points. Fed members expect median benchmark rates to come down to 4.4% by year-end. The U.S. Federal Reserve lowered its benchmark fed funds rate by 50 basis points to 4.75%-5% on Wednesday, marking the first rate cut in four years after the central bank's most aggressive hiking cycle. ...

Why did Bitcoin (BTC) hit $61,000?

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. ...

Will bitcoin hit a record high on rate cuts?

Speaking to Bloomberg at the Token 2049 conference in Singapore, SkyBridge Capital founder Anthony Scaramucci predicts bitcoin will hit a record high on rate cuts and more clear rules in the U.S. around crypto. Scaramucci foresees the possibility of a 150 bps rate cut at the next Fed meeting. ...

How will a 50 bps cut affect BTC & other cryptocurrencies?

Meanwhile, traders on Polymarket are divided as they are giving a 53% chance to 50 bps and 46% to 25 bps cuts. A larger-than-expected cut could have a major impact on BTC and other major tokens. US unemployment is rising, it stands at now 4.2% after climbing in four of the last five months. ...

Why has bitcoin slipped under $59,000?

In recent weeks, bitcoin has struggled to hold onto the gains it made earlier in the summer. After reaching highs of $65,000 in August, its exchange rate with the dollar slipped under $59,000, reflecting broader market uncertainty and concerns about the Fed’s next move. ...