CandleFocus TAO, POPCAT, AR lead altcoin rally as Bitcoin moves closer to all-time high
2024-09-23
Author: Content Editor
Bitcoin is moving closer to its all-time high following the US Federal Reserve's interest rate cut. The broader crypto market remains bullish, with several altcoins, including TAO, POPCAT, and AR, posting double-digit gains. Bitcoin reached an intra-day high of $64,687, its highest since late August. The rate cut and increased inflows into BTC-based investment products have fueled the rise. The Chicago Fed's National Financial Conditions Index also indicates favorable conditions for risk assets like Bitcoin. Analysts expect BTC to retest the $62,500 support level before further upside. The overall cryptocurrency market cap has risen to over $2.3 trillion.
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