Market Update 18th September 2024
By Manoj Dharra
Bitcoin surges to a 3-week high, surpassing $61,000 amid speculations about the Fed meeting.
As the US Federal Reserve discusses potential interest rate cuts, Bitcoin surged to $61,300, its highest level in the past three weeks, despite a brief break at $57,500.
BTC is now holding well above the $59,000 mark; it is up 1.15% for the day. Ethereum is currently at $2,308, after a decline of 0.15%, while mid-cap cryptos like SUI, TAO, and IMX have moved upwards 6-8%. All the cryptos now have a total value of $2.17 trillion, an increase of $30 billion.
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