Source: Coindesk.com
Cryptocurrencies surged higher with bitcoin (BTC) nearing $64,000 on Thursday as the Federal Reserve's jumbo rate cut bolstered risk appetite across asset classes.
Bitcoin climbed nearly 6% over the past 24 hours from Wednesday's whipsaw below $60,000 as traders digested the Fed's decision to lower benchmark interest rates by 50 basis points, a move many observers say
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The post "Bitcoin Faces Key Test at $64K as Altcoins Lead Crypto Rally; Options Traders Bet on $70K BTC Next Month" appeared first here Coindesk.com.
Source: Coindesk.com
