The recent 50 basis point interest rate cut decision by the Federal Reserve has had a positive impact on the global market, including Bitcoin and other cryptocurrencies. Gold, which is seen as a competitor to BTC, has increased by over 5% in the past two weeks, reaching a record high of $2,629 per ounce. Crypto analysts are now predicting that Bitcoin will also reach a new all-time high (ATH), with some suggesting it may happen in the 4th quarter of this year. Markus Thielen, founder and CEO of 10x Research, stated that Bitcoin may follow a similar path to gold and could achieve a new ATH by the end of the year. Thielen also predicted that a new record high would be seen before the end of 2024. At the time of writing, Bitcoin is currently being traded at around $63,594.



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