As of 9:55 a.m. ET on the U.S. cryptocurrency exchange Coinbase, the price per unit of Bitcoin reached $108.357, up 1.24% from 24 hours ago, setting a new all-time high for the third consecutive day.
Markets predict that if the Fed cuts interest rates as expected at this FOMC meeting, it will lead to a weaker dollar and increased money supply, increasing investment capacity, which will boost Bitcoin buying.
At the same time, Ethereum, the second-largest market cap, was trading 0.13% lower at $3,947, while Ripple was trading 3.69% higher at $2.61.
Solana rose 3.14% to $225 and Dogecoin fell 0.52% to $0.40.
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