Bitcoin Scales Another High on Risk-On Mood — Market Talk
Bitcoin prints yet another record, as bullish sentiment buoys appetite for riskier assets like crypto. U.S. CPI data has boosted Fed rate-cut hopes, which have been bolstered by comments from Treasury Secretary Scott Bessent calling for aggressive easing. The remarks have markets contemplating the growing likelihood of a Fed inclined to deliver deeper cuts, sooner, says Vishnu Varathan at Mizuho Securities. That would be a notable pivot away from the current guarded pause within a gradual easing cycle. While Bessent is imploring greater urgency for substantially lower rates, even Fed doves only concede room--not urgency--to cut, the analyst says. Bitcoin last at $123,261 after earlier touching $124,480, according to LSEG. ([email protected])