Bitcoin Price Reaches $62K with Analysts Eyeing Breakout

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Bitcoin prices have reached their highest level since late August following the United States Federal Reserve’s 0.5% interest rate cut. 

BTC has gained almost 5% over the past 12 hours, topping $62,000 for the first time in more than three weeks.

The asset climbed from an intraday low of $59,200 to tap $62,600 before retreating slightly during the Wednesday morning Asian trading session.

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