Bitcoin surged past $90,000 on Thursday as expectations grew that the US Federal Reserve would cut interest rates, sparking renewed investor interest.
The world’s largest cryptocurrency was trading up 4% at $91,201.60 by 9:54 AM Saudi time.
After falling to nearly $80,000 last Friday – its lowest level since April – the leading cryptocurrency reversed course, buoyed by optimism that the Fed might ease monetary policy next month.
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