Bitcoin Hits 2-Month High—Here’s Why Crypto Is Rallying
Topline
Bitcoin prices rose to a two-month high on Wednesday, leading a broader rally across the crypto market after recent economic reports fueled hopes for lower interest rates later this year and as lawmakers appeared to advance pro-crypto legislation.
The leading cryptocurrency has approached the $100,000 threshold in recent days.
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Key Facts
The price of bitcoin rose 3.5% over the last day to about $96,755 and has risen by more than 8% since hitting a recent low of $90,383 on Saturday, marking the highest point for the leading cryptocurrency since November, when bitcoin’s value last surpassed $100,000.
Other cryptocurrencies have rallied over the last 24 hours, including ethereum (4.6%), XRP (1.6%), Solana (2.2%) and…
