Bitcoin Posts Longest Winning Run Since March on Rate-Cut Wagers
- Largest digital asset flirts with a fifth straight daily gain
- Billionaire Novogratz says Bitcoin may surpass $100,000
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Bitcoin poked above the $71,000 level and flirted with a gain for a fifth straight session, reflecting greater confidence in global markets about the prospect of Federal Reserve interest-rate reductions this year.
The largest digital asset’s run of daily increases is the longest in three months, leaving the original cryptocurrency at $70,785 as of 8:25 a.m. Wednesday in New York, some 4% shy of the record high $73,798 set in mid-March.