Bitcoin Price Rebounds From 2-Month Low, Climbing Back Above $27,000
Btc prices rebounded from a 2-month low on Monday, climbing back above $27,000. The move higher came as investors digested news that the U.S. Federal Reserve is likely to raise interest rates by 75 basis points at its next meeting later this month.
The rebound in Bitcoin prices also coincided with a broader rally in risk assets, as investors bet that the worst of the sell-off in stocks and other assets may be over.
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