Bitcoin rebounded on Thursday, climbing back above the $90,000 mark as rising expectations of a U.S. Federal Reserve interest rate cut prompted a new wave of investor interest. The world's largest cryptocurrency last traded 4% higher at $91,201.6 at 13:54 WIB. After slumping to around $80,000 last Friday - its weakest level since April - the flagship cryptocurrency reversed course, buoyed by optimism that the Fed will ease policy next month.
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Bitcoin rebounded on Thursday, climbing back above the $90,000 mark as rising expectations of a U.S. Federal Reserve interest rate cut prompted a new wave of investor interest. The world's largest cryptocurrency last traded 4% higher at $91,201.6 at 13:54 WIB. After slumping to around $80,000 last Friday - its weakest level since April - the flagship cryptocurrency reversed course, buoyed by optimism that the Fed will ease policy next month.
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