Bitcoin reaches 1-month high at $63,700

ISTANBUL

Bitcoin, the most common digital currency, has surged over 2.1% on Tuesday to reach a one-month high of around $63,700.

As of 1130GMT, Bitcoin's market cap has also increased to $1.26 trillion.

The positive sentiment in cryptocurrency markets was bolstered by expectations of Donald Trump winning the presidential election and speculations of the Fed cutting interest rates twice this year.

Earlier this month, Bitcoin's price had dropped below $52,000, marking its lowest level since February 2024.

During the same period, Ethereum prices also saw a rise of 4.1% to $3,333.