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Bitcoin trades above $40K for the first time since May 2022 as the digital asset extends its 2023 rebound on expectations of interest-rate cuts and ETF demand (Sunil Jagtiani/Bloomberg)

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Sunil Jagtiani / Bloomberg:

Bitcoin trades above $40K for the primary time since Might 2022 because the digital asset extends its 2023 rebound on expectations of interest-rate cuts and ETF demand  —  – Expectations for first US spot Bitcoin ETFs propelling rally  — Crypto market additionally benefiting from hopes for Fed fee cuts



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