Bitcoin posts longest winning run since March on rate-cut wagers

Bitcoin poked above the $71 000 level and flirted with a gain for a fifth straight session, reflecting greater confidence in global markets about the prospect of Federal Reserve interest-rate reductions this year.

“Crypto assets are responding positively to the decline in rates,” Tom Couture, digital-asset strategy vice president at Fundstrat Global Advisors, said in a note. BNB stems from the ecosystem around Binance, the biggest crypto exchange, and is often viewed as an arbiter of sentiment toward the company.

Bitcoin in recent days struggled to hold climbs above $70,000 but optimists are drawing succor from a stretch of inflows into dedicated US exchange-traded funds as well as moves in Washington toward a crypto regulatory framework.

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