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Bitcoin price hits $62.6K as Fed ‘crisis’ move sparks US stocks warning

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Bitcoin price hits .6K as Fed ‘crisis’ move sparks US stocks warning
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Source: Coin Telegraph

Bitcoin price action may have to diverge from stocks if history repeats itself after a bumper Fed rate cut, analysis warns.

Bitcoin sought to flip $62,000 to support on Sept. 19 as markets digested a rare 0.5% interest rate cut by the United States Federal Reserve.

BTC/USD 4-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed continued Bitcoin (BTC) price strength during the Asia trading session.

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Author: William Suberg

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