Bitcoin Surges Above $63,000 After Fed Rate Cut Boosts Bull Market
By Shikha Singh
Bitcoin spiked to over $63,000 following the Federal Reserve’s first post-pandemic rate cut, attracting traders with increased liquidity despite concerns over the U.S. dollar and $35 trillion debt.
BlackRock, once skeptical of crypto, fueled the rally, with CEO Larry Fink now calling Bitcoin “digital gold.” Their successful Bitcoin ETF launch has driven institutional interest in Bitcoin as a hedge against economic uncertainty. With rising debt and inflation, Bitcoin is poised for further gains.
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