The price of Bitcoin today rises close to $113,000 as focus returns to interest rate cut expectations. The price of Bitcoin rose on Thursday after reaching a seven-week low earlier this week, as investors weighed the increasing expectations for a U.S. interest rate cut next month against the uncertainties following President Donald Trump's attempt to dismiss a Federal Reserve governor.
As of 09:04 Saudi time, the largest cryptocurrency in the world rose by 1.7% to $112,869.5.
It had dropped to a seven-week low below $109,000 earlier this week, but it has slightly recovered in the last two sessions to move away from those low levels.
However, Bitcoin has fallen more than 10% from its record high in August that surpassed $124,000$BTC