Bitcoin Surges on Rate Cut Expectations

Bitcoin surges to $67,700, driven by anticipation of a Federal Reserve interest rate cut, with Ether also gaining. A 49.8% chance of a September cut, according to the CME FedWatch Tool, fuels investor confidence. Analysts predict further gains, with Changelly forecasting $90,800 by December and Finders experts projecting $87,828 by year-end, reflecting a bullish outlook for the crypto market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.