Crypto Price Today: Bitcoin surges above $62,100 on Fed rate cut; Avalanche zooms 9%

economictimes.indiatimes.com:

BNB, Solana, XRP, Toncoin, Shiba Inu, and Cardano rose up to 5%.
BTC’s gains over the last one week have been to the tune of 7%.

Avalanche was the top gainer in the pack and it shot up 9%.

The US Central Bank has also hinted at further cuts this year and there is a view that it could be at least 50 bps.

Did you Know?

The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.

A further trim in policy rate could aid BTC and other crypto coins.

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