Investing.com– Bitcoin rose higher on Friday and remained close to record highs hit this week as a Donald Trump victory in the 2024 presidential election and an interest rate cut by the Federal Reserve kept crypto markets upbeat.
The world’s largest cryptocurrency rallied to record highs this week amid optimism over friendlier U.S. regulations during a second Trump presidency.
The Fed’s interest rate cut on Thursday added to this rally, as the bank signaled that the U.S. economy remained strong, and that it will likely ease monetary policy further.
rose 1.4% to $76,029.0 by 08:25 ET (13:25 GMT).
Bitcoin remains upbeat as Trump trade continues
Bitcoin surged to a record high of $76,837.8 on Thursday, and remained in sight of these peaks after Trump’s victory sparked sharp gains in crypto markets.
Bitcoin was at the forefront of these gains, as markets…
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