Derived from NewsBTC, Bitcoin has surged to a seven-week high of nearly $119,450, marking a 2% increase in 24 hours and pushing the total crypto market cap to $4.08T. The rally has brought Bitcoin’s valuation above Amazon’s, with Ether, Solana, and Dogecoin also seeing gains. Analysts attribute the rise to expectations of a Federal Reserve rate cut and the historically bullish 'Uptober' trend. Bitcoin Hyper ($HYPER), a project aiming to enhance Bitcoin’s speed and utility via a Layer 2 solution, has raised over $19.8M in its presale and is gaining attention for its potential to expand Bitcoin’s use cases.
Bitcoin Surges to $119,450 as Market Hits $4.08T Amid Rate Cut Hopes
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