Fed cuts interest rates, BTC surges. Target 74K
2024-09-19

Bitcoin rose 2.6% to $62,120 after the Federal Reserve announced its first rate cut in more than four years.
The move is consistent with typical investor behavior, in which lower interest rates drive demand for riskier assets. Despite recent gains, bitcoin has remained relatively stable since reaching an all-time high of nearly $74,000 in March.

The move is expected to have a profound impact on the economy because it will affect the rates at which banks can lend to individuals and businesses.

But for Bitcoin, this is a positive, Bitcoin return to 74K will not be far away. Hesitating friends should seize the opportunity.