Bitcoin's daily increase exceeded 7.5%, the largest increase in nearly two months

Odaily News Bitcoin posted its biggest one-day gain in nearly two months on Wednesday as weak U.S. economic data raised the odds that the Federal Reserve will cut interest rates in the summer. Bitcoin rose more than 7.5% yesterday to $66,250 by market value, the biggest gain since March 20, according to data from TradingView and CoinDesk. Like other risk assets, Bitcoin is very sensitive to expected changes in the monetary policy stance of major central banks and rebounds when fiat currency borrowing costs are expected to fall. (CoinDesk)