First Mover Americas: Bitcoin Tops $66K as Interest-Rate Cuts Loom

First Mover Americas: Bitcoin Tops $66K as Interest-Rate Cuts Loom


This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.

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Bitcoin is priced at around $66,200, up about 6% in the last 24 hours, following its best day in two months. BTC rose more than 7.5% on Wednesday after U.S. inflation data raised the probability of an interest-rate cut by the Fed in coming months. Like other risk assets, BTC is sensitive to expected changes in the monetary policy of major central banks and rallies when the cost of borrowing is

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