Bitcoin surged 8.1% to $64,000 and Ethereum jumped 12.2% as the Fed's 50bps rate cut fuelled a broad risk-on rally.
Bitcoin hit a two-month high before a sharp sell-off tied to Middle East tensions, despite a record $494.4M day of ETF inflows.
Bitcoin traded sideways in the low $60Ks as geopolitical tension and the looming US election kept investors cautious.
Bitcoin approached $68K as futures open interest hit $38 billion, its highest since January 2023, on growing institutional demand.
Bitcoin surged to $69,500 before retracing to $67,000, with investors watching $65,000 as key support and BTC dominance at a yearly high.
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