Following the Fed pivot, Bitcoin [BTC] netted 2.3% gains during the intraday trading session on Wednesday. On the 19th of September, during early Asian hours, BTC climbed higher to $62.5K. At the time of writing, the asset was valued at $62.1K, with notable gains across the sector. Ethereum [ETH] was up 5% in the past 24 hours.

As of 8 a.m. ET, the price of bitcoin, or 1 BTC, was $62,661.23. The crypto’s highest intraday price in the past year was $73,750.07 on March 14, 2024. The chart above is pulling data as of 8 a.m. ET daily and doesn’t display intraday highs or lows.

Bitcoin’s price climbed on Wednesday in anticipation of an interest rate cut by the Federal Reserve, while data showing an improvement in capital flows into spot exchange-traded funds also aided sentiment.

Bitcoin’s price rose on Wednesday in anticipation of an interest rate cut by the Federal Reserve, while data showing an improvement in capital flows into spot exchange-traded funds also aided sentiment.