Bitcoin has seen a significant increase of over 12%, pushing its price above the $60,000 mark. This surge is partly driven by MicroStrategy's substantial investment of $1.1 billion in Bitcoin this week, reinforcing their bullish stance on the cryptocurrency.
Ethereum, alongside Bitcoin, also experienced considerable gains. The positive momentum in the cryptocurrency market is largely attributed to investor anticipation of potential rate cuts by the Federal Reserve, which could create a more favorable environment for digital assets.
