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Bitcoin touches $65,000 amid signs of imminent US rate cut
Money and business
Economy News - Follow-up
[rtl]Bitcoin hit $65,000 for the first time in nearly three weeks, driven by a rebound in demand for U.S. exchange-traded funds and amid signs the Federal Reserve will move toward easing monetary policy.[/rtl]
[rtl]The price of the largest digital asset rose 1.2% to $65,030 on Monday before retreating to $64,000 at 1:35 p.m. Singapore time. The cryptocurrency jumped 7.4% last week, its biggest weekly gain since mid-July.[/rtl]
[rtl]Federal Reserve Chairman Jerome Powell on Friday gave the clearest signal yet that the central bank is on track to cut benchmark interest rates from their highest level in more than two decades, promising good liquidity in global markets.[/rtl]
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Added 08/27/2024 - 3:02 PM
https://economy-news.net/content.php?id=46811
Money and business
Economy News - Follow-up
[rtl]Bitcoin hit $65,000 for the first time in nearly three weeks, driven by a rebound in demand for U.S. exchange-traded funds and amid signs the Federal Reserve will move toward easing monetary policy.[/rtl]
[rtl]The price of the largest digital asset rose 1.2% to $65,030 on Monday before retreating to $64,000 at 1:35 p.m. Singapore time. The cryptocurrency jumped 7.4% last week, its biggest weekly gain since mid-July.[/rtl]
[rtl]Federal Reserve Chairman Jerome Powell on Friday gave the clearest signal yet that the central bank is on track to cut benchmark interest rates from their highest level in more than two decades, promising good liquidity in global markets.[/rtl]
Views 0
Added 08/27/2024 - 3:02 PM
https://economy-news.net/content.php?id=46811
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