Bitcoin (BTC) nears profitability milestone, hits $65,250, gaining attention as it climbs steadily.

From Investing.com

September 26, 2024 3:00:25 pm:

Bitcoin (BTC) hits $65,250, highest since August, gaining attention as it nears a significant profitability milestone. IntoTheBlock reports steady climb, with over 90% of holders set to profit if it breaks $65,000. BTC saw profit-taking in late July after failing to break $70,000 barrier. Currently at $64,536, up 0.92% in 24 hours.

Federal Reserve expected to signal further interest rate cuts, following initial cuts that boosted BTC. SEC Chair Gary Gensler states Bitcoin is not a security, positively impacting market sentiment. Traders await clues from Fed policymakers like Jerome Powell on rate cut pace. Market boosted by bullish sentiment, rallying cryptocurrencies like Shiba Inu (SHIB) and others.

Read more at Investing.com: Bitcoin (BTC) Nears Major Profitability Milestone: Details By U.Today