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Bitcoin Price Surges Past $63,000 as Interest Rate Cut Possibility Increases

▲ Bitcoin [연합뉴스]
Bitcoin rose and surpassed $63,000.

It rose more than 6%. This is because the possibility of an interest rate cut has increased.

On the 4th, Bitcoin is trading at $63,000 on Coin Market Cap, a coin market exchange site, up 6.38% from the previous day.

This is the first time since the 30th of last month that Bitcoin broke through $63,000 again.

This surge in Bitcoin is due to the significant slowdown in the US labor market, raising the possibility of an interest rate cut by the Federal Reserve.

According to the Bureau of Labor Statistics on the 3rd (local time), the unemployment rate in April was 3.9%, up from 3.8% the previous month.

In addition to Bitcoin, cryptocurrencies are rising all at once, with Ethereum, the second largest market cap, increasing by around 4% and exceeding $3,100.

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