Bitcoin jumps while Dow falls ahead of the Fed’s interest-rate decision

Bitcoin jumped Tuesday, a day ahead of the Federal Reserve’s key decision on interest rates, as traders expect the central-bank policymakers to deliver their first rate cut in four years.

The largest cryptocurrency BTCUSD was up more than 5% on Tuesday to around $60,945, the highest level since Aug. 27, according to Dow Jones Market Data. Bitcoin is up 45% year-to-date, while it is still 17.6% lower than its record high of $73,798 reached in March.