Bitcoin has been highly volatile after hitting an all-time high of $73,797.68 last week.
Bitcoin held above $67,000 on Thursday, as global markets rallied after the Federal Reserve signaled it would cut interest rates this year.The bitcoin bump also pulled up other digital coins, with Ether 11% higher at around $3,575 at 4:15 a.m. ET.Bitcoin held above $67,000 on Thursday, as global markets rallied after the Federal Reserve signaled it would cut interest rates this year.
The cryptocurrency dropped below $61,000 on Wednesday, shedding around $200 billion of value off the bitcoin market. This sparked a rally in global stocks, as well as in cryptocurrencies. An environment of lower interest rates is generally positive for risk assets, such as bitcoin.
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