Bitcoin surged to highs of $65,250 in today's trading session
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At the time of writing, BTC was up 0.92% in the last 24 hours to $64,536. Several cryptocurrencies, including Shiba Inu , Dogwifhat and Worldcoin , have rallied immensely as bullish sentiment boosted the market in early Thursday's trading session.The Fed announced its first round of cuts last week, causing risk assets such as Bitcoin to surge, and traders forecast a further 50-basis-point cut in November.
Traders are looking for clues on the pace of interest rate cuts in speeches from key Federal Reserve policymakers, including Federal Reserve Chair Jerome Powell, as well as economic data.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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