Bitcoin extended yesterday's rally on Tuesday, breaking $72,000 for the first time since April 8. The recent interest rate cuts by major central banks seem to have encouraged investors back into the riskier crypto market. Bitcoin's surge could also be motivated by the likelihood of former United States President Donald Trump returning to office in November. He has sought to attract crypto investors, launching his World Liberty Financial project and insisting that the Federal Reserve should hold cryptocurrency.
Bitcoin soared 3.33% at 11:52 am ET, going for $72,289.57. Ethereum added 2.76% at the same time and sold for $2,637.054.
