News

23 Sep 2024

Central banks drive Bitcoin

Bitcoin reached its highest level in a month, rising by 1.8% to $63,954 on Monday, while the Japanese yen continued to weaken, with the U.S. dollar trading at around 144.16 yen after reaching a two-week high. The significant 50 basis point interest rate cut by the Federal Reserve last week contributed to Bitcoin's rise, and the yen's decline came after the Bank of Japan (BOJ) kept interest rates unchanged, showing no urgency to raise them again. The yen saw a 1.4% increase in September

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