Home Market News Record-Breaking Rise: Gold Hits New High, Bitcoin Skyrockets to $41K Amid Rate Cut Bets

Record-Breaking Rise: Gold Hits New High, Bitcoin Skyrockets to $41K Amid Rate Cut Bets

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Record-Breaking Rise: Gold Hits New High, Bitcoin Skyrockets to $41K Amid Rate Cut Bets
Gold bars and Bitcoin cryptocurrency financial

MEDITERRANEAN

Gold prices soared to a fresh peak on Monday, while bitcoin (BTC-USD) surged to its highest level since April 2022, driven by traders’ growing confidence in the Federal Reserve cutting interest rates sooner than anticipated. With bitcoins price recently surging, it’s important to look into how to get involved with bitcoin.

The positive market sentiment was further boosted by geopolitical uncertainties associated with the Israel-Hamas conflict and expectations of a weaker U.S. dollar if rate cuts were to materialize.