12/1/2023, 10:24 AM (Source: TeleTrader)
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Bitcoin up 2.5% to highest level since May 2022

Bitcoin rose by over 2.5% on Friday and was nearing an 18-month high after economic data from the United States, the world's largest economy, signaled that the Federal Reserve may decide to turn to easing of its monetary policy next year.

The prospect of interest rate cuts seemingly boosted investor optimism about the future of cryptocurrencies.

Bitcoin advanced 2.47% to $38,646 at 4:26 am ET and Ethereum went 2.43% higher to $2,102 at the same time.

Baha Breaking News (BBN) /