$BTC ๐จ๐จ๐จBitcoin's Recent Rally Could Extend Further - Market Talk
Bitcoin's recent rally could have further to go, TP
ICAP's digital assets director Hina Joshi says.
Financial institutions expect the Federal Reserve will resume interest-rate cuts โ later this year and this will benefit risky assets like bitcoin, she says.
The market is pricing in nearly two rate cuts by year-end, LSEG data show.
A rise in crypto treasuries and bitcoin-backed corporate strategies could also boost bitcoin ๐๐๐along with increased sovereign adoption, she says. Bitcoin falls 2.6% to $117,150, according to LSEG data.
It reached a record high of $123,153 on Monday ๐๐ป๐๐ป๐๐ป