After a brief retracement on Monday, Bitcoin rallied yesterday, breaking above $60,000 and $61,000 to hit a three-week high. Crypto markets are expected to be volatile today and tomorrow as the US Federal Reserve meets to discuss potential interest rate cuts.
After Monday’s brief retracement, bitcoin went on the offensive yesterday, breaking above $60,000 and $61,000 to chart a three-week peak.
Crypto markets are expected to face enhanced volatility today and tomorrow as the US Federal Reserve is set to meet to discuss a reduction in the key interest rates.The primary cryptocurrency ended last week on a highly positive note as the bulls drove it from under $58,000 to almost $61,000 on Friday and Saturday morning. Expectedly, it calmed over the weekend but still stood predominantly above $60,000.
The situation with the mid-cap alts is a lot more eventful. SUI, TAO, and IMX have all soared by 6-8% daily. As a result, SUI trades at $1.2, TAO is close to $320, while IMX is above $1.35.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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