Bitcoin price stable at $71k, anticipation of rate cut, potential record high rally

From Investing.com: 2024-06-07 02:15:30

Bitcoin price slightly increases as it nears record high, reaching $71,327.6. Rate cut expectations rise ahead of nonfarm payrolls data, fueled by weak U.S. economic readings. Lower rates boost cryptocurrencies like Bitcoin, with institutions flocking to ETFs. Analysts predict potential record high rally for Bitcoin. Altcoins steady but poised for modest weekly gains.

Read more at Investing.com: steady at $71k, payrolls awaited for more rate cues By Investing.com