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Bitcoin

Bitcoin is surging on hopes rate cuts will drive a speculative rush

Bitcoin jumped as much as 6.4% on Tuesday as hopes for a large Fed rate cut enticed crypto investors.

By: Business Insider
  • Sep 18 2024
  • 11
  • 126 Views
Bitcoin is surging on hopes rate cuts will drive a speculative rush
Bitcoin is surging on hopes ra
Bitcoin peaked at $61,337 on Tuesday, the largest intraday gain since early August. The rise comes amid anticipation that the Fed will deliver a half-point rate cut. A lower-rate, soft-landing environment could help risk-on assets come back. Sign up ... [2532 chars]

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