In a recent social media interaction, Tether’s CEO Paolo Ardoino reiterated the company’s unwavering commitment to Bitcoin, dismissing any potential allocation of profits to Ethereum.

During the early session on Monday, BTC price briefly went above USD 64,562 resistance. But, it is to be seen if BTC can stay at higher levels.

Bitcoin demand among U.S. investors has experienced a notable increase following the Federal Reserve's confirmation of an impending interest rate cut.

Bitcoin traders are closely monitoring the cryptocurrency's price movements as it hovers around the $64,000 mark, a crucial level that could determine whether it moves closer to reclaiming its 2021