Reported 4 months ago
Bitcoin has achieved its longest winning streak since March by surpassing $71,000 and being on a five-session winning streak, reflecting growing optimism in global markets due to expectations of Federal Reserve interest-rate cuts. The cryptocurrency market responds positively to decreasing rates, with top-five coins like BNB and Solana experiencing gains. In Japan, DMM Bitcoin plans to raise funds to compensate customers after a major hack. Experts like Michael Novogratz predict Bitcoin could reach a record high of $100,000 amidst a more favorable US political climate for digital assets, signaling a shift from the previous bear market sentiment and scandals in the crypto industry.
Source: YAHOO