Bitcoin Surges to $68K, Eyeing $90K by December

Bitcoin surges to $67,700, driven by investor anticipation of Federal Reserve interest rate cuts, potentially making riskier assets like cryptocurrencies more attractive. Ether also rises, with the overall market reacting positively to the prospect of a more favorable economic environment for digital assets. A 50% chance of a rate cut in September fuels optimism, while analysts predict Bitcoin could reach $90,800 by December or $87,828 by year-end.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.