Bitcoin rises for the longest consecutive period since March.

Bitcoin once broke through $71,000, heading for the fifth consecutive day of gains, reflecting increased confidence in the global market's prospects for a Fed rate cut this year.

As Bitcoin, the largest digital asset globally, continues its longest consecutive increase in three months. The possibility of the Federal Reserve cutting interest rates as early as November has increased due to data suggesting a slowdown in US inflation and a softening job market. Some US Treasury yields have experienced the largest two-day decline this year, and the relaxed financial environment may benefit speculative assets such as cryptocurrencies.

Crypto assets have responded positively to the prospect of interest rate cuts. The political environment in the United States is more favorable for digital assets, which may help propel Bitcoin to a record-breaking $100,000 or even higher levels by the end of the year.

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