Sunday, September 15, 2024

Bitcoin surges on Fed rate cut expectations, BlackRock urges caution


 







 Sabrina Toppa
 2 min read
In This Article:
BLK

On Friday, the value of the world’s largest cryptocurrency by market capitalization jumped to its highest point since early September, reaching almost $60,000 in anticipation of the Federal Reserve’s upcoming interest rate cuts.
The increase in bitcoin’s price represented a spike of 2.5% on Friday, and showed the crypto changing course for September after a slow start to the month.


 
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