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International Business Times
International Business Times
Business
Marvie Basilan

The State Of Bitcoin, Ether Prices After Fed Cuts – Bull Run In Weeks?

US Federal Reserve Bitcoin Crypto Ethereum Mags CoinGecko
Crypto prices suffered two significant bloodbaths in August, but September is shaping up to be a kinder month for digital assets. (Credit: QuoteInspector.com/flickr)

KEY POINTS

  • Bitcoin added around $3,000 since the Fed's 0.5% rate cut
  • Ethereum and other top cryptocurrencies crossed the green line
  • Analysts and Bitcoiners believe $BTC is poised for its 'biggest' bull run yet

Interest rate cuts by the U.S. central bank are known to move financial markets, and in the case of cryptocurrencies, the digital assets seemed pleased with the news as prices have been surging over the last 24 hours.

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