Bitcoin price nears $71k amid rate cut hopes, altcoins also rise

From Investing.com: 2024-06-05 02:07:28

Bitcoin price surged as weak U.S. economic data increased expectations of interest rate cuts, breaking out of a recent trading range. The launch of Bitcoin ETFs in Australia also drove capital inflows. Altcoin prices rose on expectations of Federal Reserve rate cuts, with tokens like Ethereum and Litecoin seeing gains.

Read more at Investing.com: nears $71k as rate cut hopes build By Investing.com