Bitcoin Investment Rises Amidst Speculation About Fed Rate Cut

Bitcoin investors are closely following the Federal Reserve’s decision regarding interest rates, with speculation about a potential quarter-point rate cut driving heightened trading activity. The anticipation of this policy change has led to significant interest in Bitcoin, with its price recently surging from $107,600 to surpass $116,000. This jump is evidenced by an increase in open interest, reaching $33 billion, indicating a readiness for market shifts based on monetary policy changes.