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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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