Bitcoin Surges Past $62,000 After Fed Announces Rate Cut; Potential Rally Ahead?

Quick Summary:

Fed Chair Jerome Powell announced that the central bank will cut interest rates for the first time in four years.

Market experts believe this news could propel Bitcoin to newer heights! A 0.

The reduced interest rates and borrowings getting cheaper could prompt investors to buy high-risk assets like stocks and crypto.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: Fed Bitcoin News Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 12:37:54 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 41 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22594011

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 11 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #112

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