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Bitcoin crosses $60,000 following US Fed rate cut

  • Bitcoin's value has surpassed $60,000 following the US Federal Reserve's decision to decrease borrowing rates.
  • Lower interest rates make it cheaper for people and companies to borrow money, leading to increased investments and spending.
  • The improved sentiment in the market and clearer regulations regarding cryptocurrencies have also contributed to Bitcoin's rise.
  • Bitcoin's future remains uncertain, but with low interest rates and clearer regulations, it has the potential to reach new heights.

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