Bitcoin Surges Past $100K Amid Rate Cut Speculations
- Bitcoin’s price exceeded $103,460, marking a 6% increase in 24 hours.
- Ethereum rose by 20%, surpassing $2,200 for the first time since March.
- CME FedWatch indicates a 70% chance of a July rate cut and 95% by October.
- President Trump announced a U.K. trade pact with minor tariff adjustments.
- The S&P 500 increased by 0.6%, while the Nasdaq rose by 1.1%.
Bitcoin’s price surge to over $103,460 comes as markets anticipate possible interest rate cuts and respond to news of a U.S.-U.K. trade agreement, despite its limited economic impact.
Source (2.6)https://decrypt.co/318680/why-bitcoins-price-rising-today?rand=52368
