#NoticiasCrypto Summary of the cryptocurrency market: BTC leads the rise of cryptocurrencies

Summary of the cryptocurrency market: BTC leads the rise of cryptocurrencies

Bitcoin surpasses 116,000 dollars

Bitcoin (BTC) has risen to around 116,031 dollars, with an increase of nearly 4.5% in the last week.

The material is translated from English. The original article from our correspondent is here.

The surge is largely attributed to renewed optimism that the Federal Reserve of the U.S. will cut interest rates, which will bolster risk assets, including cryptocurrencies. Technical analysts also point out that a gap in CME futures was recently filled, which usually acts as a bullish signal. Despite macroeconomic uncertainty, market participants show confidence in Bitcoin's short-term trajectory. However, some warn that broader economic indicators continue to pose potential headwinds.