Bitcoin bulls charge into key BTC price resistance as the US Federal Reserve gives a clear signal over interest rate cuts.
Bitcoin (BTC) spiked through $62,000 after the Aug. 23 Wall Street open as the United States Federal Reserve announced the first interest rate cuts since 2019.
Data from Cointelegraph Markets Pro and TradingView showed new local BTC price highs of $62,323 on Bitstamp.
Investors reacted warmly to confirmation by Fed Chair Jerome Powell that interest rates were now due to fall.
