Bitcoin Surpasses $60K as Markets Prepare for FOMC Meeting
- After a slight dip on Monday, Bitcoin surged yesterday, surpassing $60,000 and $61,000, hitting three-week highs.
- Cryptocurrency markets are expected to be volatile today and tomorrow as the US Federal Reserve meets to discuss cutting key interest rates.
- Bitcoin ended last week with an impressive rally from below $58,000 to nearly $61,000 on Friday and Saturday morning. Despite a slight dip over the weekend, BTC remained above $60,000.
- BTC surged to a three-week high of $61,300 on Tuesday, before retreating slightly by more than $1,000 but still up 2.5% on the day.
- Major altcoins like ETH, DOGE, BNB, and TRX are up slightly, while SUI, TAO, and IMX are up sharply by 6-8% on the daily.
- The total crypto market cap has increased by about $30 billion overnight, reaching $2.170 trillion.
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