Crypto Price Today: Bitcoin surges above $62,100 on Fed rate cut; Avalanche zooms 9%
A 50-basis-point rate cut by the U.S. Federal Reserve on Wednesday provided a significant boost to global cryptocurrencies. Bitcoin (BTC) rose nearly 3% around 1:10 pm, trading at $62,106.92. Major altcoins, including Ethereum (ETH), Tether, BNB, Solana, XRP, Toncoin, Shiba Inu, and Cardano, increased by up to 5%.
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