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Is a New Bitcoin All-time High Possible as US Rate Cuts Spark Rally?

  • The U.S. federal meeting concluded that interest rates should be cut by 50 basis points.
  • Bitcoin surged past $60,000 after the rate cuts and is currently trading at $61,933.
  • US Crypto ETFs experienced outflows, with Bitwise, Grayscale's GBTC, and ARK21's ARKB seeing the largest outflows.
  • The BTC price action shows a positive trend, with a potential breakout towards $62,600 and further levels at $65,600 and $68,500.

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