Bitcoin Nears $62,000: Investors Eye Fed’s Potential Rate Cuts

Bitcoin’s recent rise to $61,860 represents a notable 2.5% increase today, culminating in a total 5% gain for the week. This upward trend is closely linked to the market’s anticipation of potential interest rate cuts by the U.S. Federal Reserve, discussed during Chair Jerome Powell’s recent speech in Jackson Hole. The potential for reduced borrowing […]