Bitcoin Skyrockets Past $67K as Fed Holds Firm on Rate Cuts
Bitcoin and other major cryptocurrencies experienced a sharp rally, with Bitcoin surging past $67,000, after the U.S. Federal Reserve maintained its outlook for three rate cuts by the end of the year, alleviating market concerns of a more hawkish stance. The Fed’s dovish tone and commitment to its rate cut plans provided a boost to risk appetite among investors.