Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'

Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing’


BTC rose over 7.5% on Wednesday, capping its best performance since March 20. Weak U.S. data strengthened the case of a Fed rate cut in September. The BOE and ECB are likely to cut rates in June.

Bitcoin (BTC) posted its biggest single-day gain in nearly two months on Wednesday as weak U.S. economic data raised the probability that the Federal Reserve (Fed) will join its advanced nation peers in easing monetary policy with rate cuts over the summer months.

According to data sources TradingView and CoinDesk, the leading cryptocurrency by market value rose over 7.5% to $66,250, the largest percentage rise

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