"Rate Cut Anticipation Sparks a Market Surge, BTC Soars Past $60K"
The global markets went wild on Friday, with U.S. stocks, cryptocurrencies, and gold rallying across the board. All eyes are on the upcoming Federal Reserve meeting, with just six days left before what could be a monumental policy shift. The buzz? A potential 50 basis point rate cut that’s igniting investor excitement.
Ex-Fed New York President Bill Dudley added fuel to the fire, hinting at “good reason” for further cuts, while the CME FedWatch tool now pegs the odds at nearly 50%, up from just 28% the previous day.
Cryptos wasted no time reacting—Bitcoin skyrocketed over $1,500 in mere minutes, leaping from $58K to just shy of $60K. After the U.S. stock market closed, BTC pushed above $69K, and it’s still climbing. At the time of writing, BTC is holding strong at $60,280, up 4.24% in the past 24 hours.
Bulls are back in full force, and this could be just the beginning. Buckle up, the crypto market is heating up! #Bitcoin
