Bitcoin Surges Past $64,000 as US Federal Reserve Cuts Interest Rates, Altcoins Rally

Bitcoin price surged past $64,000 in response to the recent decision by the US Federal Reserve to lower interest rates, signaling a positive sentiment in the crypto market. This rate cut has reignited investor enthusiasm, driving demand not only for Bitcoin but also for various altcoins, which performed well amid the policy change.

Interestingly, Bitcoin exchange deposits have dropped to a six-year low, indicating that investors might be increasingly holding onto their assets rather than selling, which supports upward price momentum. Adding a unique twist to the news, former President Donald Trump reportedly made purchases using Bitcoin at a New York City bar, showing growing real-world adoption of cryptocurrency.

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