Cryptocurrency markets rebounded sharply and Bitcoin surpassed the $67,000 mark again after the US Federal Reserve maintained its forecast for three interest rate cuts this year.
Bitcoin reached a high of $67,781, recording a rebound of more than 10 percent in 24 hours, while “Ethereum” erased its decline by 6 percent, after reports of a possible secret investigation into the “Ethereum Foundation” by the U.S. Securities and Exchange Commission considering classifying the digital currency as a security. Dogecoin, Litecoin, and Bitcoin Cash led gains among major cryptocurrencies, driven by plans by the largest U.S. cryptocurrency exchange, Coinbase, to offer futures contracts on it.
Source (Al-Arabiya.net Website, Edited)
