Why is Bitcoin Rising? BTC Surpasses $63K Mark Again!

• Bitcoin has seen a 6.4% increase in value over the last 24 hours, sparking curiosity about the cause of this surge.
• After a sharp correction down to $56,500, Bitcoin has entered a recovery phase, recording a 6.4% increase in value over the last 24 hours.
• With this surge, Bitcoin’s price has exceeded $63,000, while similar increases have been observed in altcoins.

Bitcoin’s recent surge in value has sparked interest among investors, with the cryptocurrency recording a 6.4% increase over the last 24 hours.

Why is Bitcoin Rising?

The rise in Bitcoin’s price began after the non-farm employment data released in the US yesterday came in below expectations. This was based on signals that the US Federal Reserve may make interest rate cuts sooner based on non-farm data.