Bitcoin Hits Three-Week High as Federal Reserve Rate Cut Boosts Risk Appetite
Bitcoin rose to a three-week high, mirroring gains in global stocks, as the US Federal Reserve’s bigger-than-expected interest rate cut boosted demand for riskier assets. The digital currency rose as much as 4.9%, trading at $62,800 on Thursday morning in New York. Global stocks also saw a rally, with traders reacting to the Federal Reserve’s…