#ICYMI: #Bitcoin should be at $83,883 by 2020 standards, $696k scaled to 2012 growth
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The day before the Federal Reserve's interest rate decision, the cryptocurrency market saw a broad rally.

According to Bybit data, Bitcoin surged to $61,000 during the day on Tuesday, marking the largest intraday gain since August 8th. Major cryptocurrencies such as Ethereum, Dogecoin, and Solana also rose, with gains ranging between 2%-4%. As of the time of writing, the trading price has retreated to around $60,253, with a 24-hour gain of nearly 4%.

In the Altcoin market, the majority of the top 200 tokens by market capitalization have seen increases. Dymension (DYM) saw the largest gain, rising 24.1%.

Bitcoin breaks through $61,000, posting its biggest intraday gain since early August

The forecasts related to the September meeting are particularly valuable, as there are only two meetings left this year, in November and December.

Author: He Hao, Wall Street View

On Tuesday, the well-known financial journalist Nick Timiraos, known as the "New Federal Reserve News Agency," wrote that the Federal Reserve is about to cut interest rates, but the magnitude of the first rate cut is still in doubt. The Federal Reserve usually tends to act in increments of 25 basis points, but this time, the situation has become more complex.

Timiraos bluntly stated that the current federal funds rate is 5.25%-5.5%, which is at the ...

"New Fed News Agency" Ultimate Preview September Meeting: The situation is complicated, and the extent of the first rate cut remains in doubt

But no matter how panicked the market sentiment, the "Bitcoin ecosystem" is still the most popular.

Written by: Joyce

After experiencing another round of major market turmoil, with the rebound in Bitcoin prices, the overall market panic sentiment has weakened considerably.

Accompanied by the repeated collapse of Altcoins, from the questioning of "Is the Altcoin bull market still there?" to the voices of various professional investors withdrawing, the past one or two months have been shrouded in gloom for the cryptocurrency market outside of Bitcoin.

But no matter how panicked the market sentiment, when asked which track is the most optimistic about the upcoming market, the "Bitcoin ecosystem" is still the most popular.

Especially recently, the...