Bitcoin overcame challenges, showing strength with significant gains and positive market sentiment.

From Investing.com

September 27, 2024 2:00 PM:

Bitcoin emerged victorious against fear, uncertainty, and doubt (FUD) this year, handling significant sell-offs from Mt. Gox and the German government’s Bitcoin auctions. German officials seized almost 50,000 Bitcoin worth $2 billion from a suspect. Mt. Gox attempted to repay $9 billion in BTC to customers, sparking concerns about market impact.

Despite these events, Bitcoin is on track for one of its strongest September gains ever, up by nearly 11% this month. Central banks around the world, including the Federal Reserve, ECB, and China’s PBOC, have cut interest rates to boost economic growth. Currently, BTC sits at $65,434, up 1.76% in the last 24 hours.

Read more at Investing.com: ‘Bitcoin Won FUD,’ CryptoQuant CEO Speaks on BTC Price Action By U.Today