Bitcoin Price Hits $116,527 as Fed Rate Cut Hopes Drive Gains

Bitcoin prices inched higher on Monday, extending last weeks momentum as traders grew confident that the U.S. Federal Reserve will cut interest rates this week. The leading cryptocurrency rose 0.7% to $116,527.3 by 02:01 ET (06:01 GMT), building on a 5% jump from the prior week.

Source: tokenpost.com

Related symbols: BTCUSD