Bitcoin price stays steady at $60k with mixed market reactions to rate cut news

From Investing.com

Date: August 22, 2024

Time: 1:26 AM:

Bitcoin price rose as risk-driven markets increased bets on a September interest rate cut. However, Mt Gox token distributions limited gains. Mt Gox mobilized $700 million in tokens, sparking concerns of increased selling pressure. Fed minutes fueled rate cut hopes, but recession fears resurfaced. Altcoins rose with Bitcoin in a risk-on environment, with limited overall gains.

Read more at Investing.com: steadies at $60k amid some rate cut cheer By Investing.com