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Bitcoin priceCoinGape
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67% Informative
Bitcoin price shot up to $62,000 after the Federal Reserve cut interest rates by 50 bps ( 0.5% ) for the first time in four years .
Bitcoin price rallied nearly 16% since the September 6 bottom.
Bank of Japan's interest rate decision will be key in determining the directional bias of the financial markets, including BTC.
Drop in interest rates means it is that much cheaper for investors to borrow.
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