Cryptocurrencies
Bitcoin Snaps Two-Day Slide Amid Renewal of Risk Appetite
- Ether, Solana and Dogecoin also rally after CPI report
- Traders have set sights for record highs reached in March
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Bitcoin halted a two-day slide with renewed expectations for US interest rate cuts fueling demand for riskier assets.
The largest cryptocurrency gained as much as 4.1% to $70,002 as signs that inflation is cooling bolstered bets the Federal Reserve will cut rates this year. Smaller cryptocurrencies such as Ether, Solana and Dogecoin also rallied.