Bitcoin Stumbles at $60K: Will Fed Rate Cuts Ignite a New Rally?

The June CPI came in cooler at 3.0%, down from May's 3.3%, hinting at a disinflation trend that could pave the way for September Fed rate cuts. This might be a boon for risk assets, …

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Bitcoin Stumbles At $60K: Will Fed Rate Cuts Ignite A New Rally?

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The June CPI came in cooler at 3.0%, down from May's 3.3%, hinting at a disinflation trend that could pave the way for September Fed rate cuts. This might be a boon for risk assets, …

msn.com

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Bitcoin Stumbles At $60K Barrier: Will Fed Rate Cuts Ignite A ... - MSN

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BTC dipped below $58K, failing to reclaim the $60K level. The June CPI eased to 3.0% from May's 3.3%, hinting at cooling inflation. Could a September Fed rate cut ignite a BTC rally?

msn.com

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Bitcoin Stumbles At $60K Barrier As June CPI Hints At Fed Rate Cuts ...

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BTC couldn't reclaim the $60K mark, slipping below $58K post-inflation data. With June's CPI cooling to 3.0% from May's 3.3%, the overall consumer price index saw a slight ease. Could a …

msn.com

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Bitcoin Price Surges 4% To $60K Amid Fed Rate Cut Hopes And Q4 …

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Sep 18, 2024 · Bitcoin and other cryptocurrencies may continue to rise due to growing expectations of a rate reduction and positive Q4 results. Due to traders’ repositioning and …

cryptonews.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 Hits A Wall At $60K! June CPI Hints At Fed Rate Cuts - MSN

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Bitcoin stumbles post-June CPI, but a bullish comeback is on the horizon. On June 11, Bitcoin [BTC] mirrored the drop in US stock equities, particularly Big Tech, after a softer June CPI print ...

msn.com

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Bitcoin Price Eyes $60K Amid Fed Rate Cut & Gold Surge - Coinpedia

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Sep 16, 2024 · Gold prices hit an all-time high of $2,588 earlier today, which could be a positive signal for Bitcoin and the wider crypto market. Historically, a bullish move in Gold often points …

coinpedia.org

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Bitcoin Price Drops Below $60k As Traders Await Fed’s 25 Or 50 Bps …

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Sep 18, 2024 · Bitcoin price drops below $60k as traders await Fed’s 25 or 50 bps rate cut decision. By ... Bitcoin price BTC crypto cryptocurrency Fed interest rate cuts. Share. …

kitco.com

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Bitcoin Stumbles At $60K Barrier Amid June CPI Buzz: Are Fed Rate …

2 weeks from now

BTC couldn't reclaim the $60K level, dropping below $58K after the inflation data showed a cooler 3.0% compared to May's 3.3%. With the possibility of a September Fed rate cut, could Bitcoin …

msn.com

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Bitcoin Hits $60K! Is It The Fed's Rate Cut That’s Behind The Boom?

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Sep 18, 2024 · Yesterday, Bitcoin surged by over 6%, reclaiming the $60,000 mark and drawing significant attention from investors. The recent rally seems to be driven by the growing …

stockguidebook.com

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Bitcoin Breaks $63K After Historic FED Rate Cut: New ATH Soon?

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Sep 19, 2024 · Powell confirmed that the new rates will range between 4.75% and 5%, marking a significant shift in monetary policy. Bitcoin’s potential to break its previous record of $73,000 …

coinpedia.org

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Will Fed’s Rate Cuts Fuel Bitcoin Past $60,000? - Medium

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Sep 16, 2024 · As Bitcoin holds steady near $58,000, many are wondering whether this rate cut could be the catalyst to push the cryptocurrency past the $60,000 mark. I write about crypto …

medium.com

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

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Fed members expect median benchmark rates to come down to 4.4% by year-end, as reported, reflecting some 50 basis points (bps) more cuts in the next two Federal Open Market …

msn.com

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#MicroStrategy Hits 446,400 BTC Despite Stock Slump - YouTube

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MicroStrategy now holds 446,400 BTC worth $42B, doubling down on its Bitcoin strategy even as MSTR stock drops 36% from its all-time high. Will Saylor’s bold...

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FAQs about Bitcoin Stumbles at $60K: Will Fed Rate Cuts Ignite a New Rally? Coupon?

What does the 50 bps rate cut mean for bitcoin?

For bitcoin, the 50 bps cut sends mixed signals. Historically, rate cuts have been positive for hard assets like bitcoin, as such cuts are inflationary, leading capital to find its way into assets that can serve as stores of value. ...

Will bitcoin face more turbulence with a 50 bps cut?

With today’s 50 bps cut, bitcoin could face even more turbulence in the coming weeks as investors reassess the state of the economy. Today’s rate cut comes against a backdrop of growing macroeconomic instability. ...

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. ...

Did a Fed cut 'BTC' in East Asia?

A 50 basis point cut by the Fed, and the first bitcoin { {BTC}} buy by a presidential candidate, kept digital assets in the green during the East Asia trading day, even though some market watchers are skeptical if the rally has any sort of legs. ...

Are bitcoin rate cuts a monetary easing?

Historically, rate cuts have been positive for hard assets like bitcoin, as such cuts are inflationary, leading capital to find its way into assets that can serve as stores of value. But this rate cut doesn’t feel like a traditional monetary easing; rather, it’s a borderline emergency response to growing economic instability. ...

Why did bitcoin lose 59,000 in August?

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. With today’s 50 bps cut, bitcoin could face even more turbulence in the coming weeks as investors reassess the state of the economy. ...