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Bitcoin Surges, Posting Biggest Intraday Gain in Over a Month

Blockchain 2024-09-18 15:42:25 Source:

Bitcoin Surges, Posting Biggest Intraday Gain in Over a MonthBitcoin on September 17th saw its largest intraday gain in over a month, surging as much as 6.4% to reach $61,337, marking the biggest intraday jump since August 8

Bitcoin Surges, Posting Biggest Intraday Gain in Over a Month

Bitcoin on September 17th saw its largest intraday gain in over a month, surging as much as 6.4% to reach $61,337, marking the biggest intraday jump since August 8. Smaller cryptocurrencies like Ethereum, Dogecoin, and Solana also rallied. The market broadly anticipates the Federal Reserve to cut interest rates on September 18th, with swap markets pricing in at least a 25-basis-point reduction, and a 50-basis-point cut having a probability of around 55%.

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