As of 8 a.m. ET, the price of bitcoin, or 1 BTC, was $59,090.40. 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 (BTC-USD) and other major cryptocurrencies jumped in Thursday morning trading after the Federal Reserve delivered its first interest-rate cut since the onset of the pandemic and signalled further policy easing as the year draws to a close.

The difficulty of mining bitcoin has reached an all-time high of 92.6 terahashes, increasing by over 10% since early July, which could strain

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.