Bitcoin $BTC ’s weekly gains have increased by 10% after a busy week that saw the US Federal Reserve cut interest rates, the Bank of England pause cuts, and the Bank of Japan (BoJ) leave rates on hold on Friday.

Bitcoin has surged this week in tandem with a rally in the stock market, as the Federal Reserve cut interest rates by 50 basis points. Bitcoin $BTC has continued its four-day rally, reaching a high of $64,140 in Friday’s trading session before paring gains.

At the time of writing, Bitcoin $BTC is down 0.63% over the past 24 hours to $63,087, but it is up 6.97% so far in September, which is typically its weakest month of the year.

According to IntoTheBlock, Bitcoin's dominance over Ethereum and stablecoins has increased by 6% since the beginning of the year.

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