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Bitcoin rockets to $61K anticipating Fed rate cut boost - but will we be disappointed?

Analysts have mixed predications about what comes next...

Author

Hunter Hodge
September 18, 2024 • Read Time: 8 minutes

Bitcoin bulls are back in action, pushing the price past $60,000 and even hitting $61,300 yesterday—a three-week high.

But don't get too comfortable! While many expect the US Federal Reserve rate cuts will send crypto prices soaring, others fear it could hurt markets and send shockwaves through the crypto world. So who’s right?

Meanwhile in the Altcoin market, larger-cap altcoins are showing signs of life, but mid-caps like SUI, TAO, and IMX are making headlines with significant daily gains in anticipation of a strong, positive reaction to the Fed rate cuts.

Lots to analyze today - so let's dive in!

  • BTC surpasses $60,000, FOMC meeting looms with potential market impact. — Read More

  • The Federal Reserve's anticipated rate cut may significantly affect Bitcoin and other cryptocurrencies. — Read More

  • Bitcoin ETFs added $250 million as investors anticipate a Fed rate cut to boost Bitcoin prices. — Read More

  • Bhutan now holds over $750 million in Bitcoin thanks to its hydro-powered mining operations. — Read More

  • MicroStrategy announces a $700M convertible note offering to fund Bitcoin acquisitions. — Read More

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