The US Federal Reserve (FED) cut interest rates by 50 basis points, causing the price of Bitcoin to rise above $62,000. Analysts predict that Bitcoin will experience new highs in price, potentially pushing it towards a new record high. However, the upcoming US presidential election and its uncertain outcome pose a risk to the rally. Falling interest rates stimulate the economy and investors to buy riskier assets like stocks and cryptocurrencies, which could support Bitcoin prices. Historical data and supportive macroeconomic events also contribute to the expectation of a rise in Bitcoin. Bernstein analysts have made a dual forecast, predicting that if President Trump wins the election, Bitcoin will reach $90,000, but if he loses, it will fall to $30,000. Currently, Bitcoin is trading at $62,280.



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