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BTC Price Forecast: Bullish Momentum Builds as Fed Cuts Rates by 50 Basis Points

Fed's surprise 50bps rate cut drives BTC BTC - $63006.191 rally as the market eyes $62K. Economic data could decide Bitcoin's next move amid ETF outflows and Fed projections.

Source: fxempire.com

Related symbols: BTCUSD

2024-09-19 02:53:02 GMT.

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Price & Market Data

Price: $63006.191

Volume 24h: $43,990,511,920.81

Market Cap: $1,244,769,212,386.90

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.