Bitcoin (BTC) and Ether (ETH) both moved aggressively higher on Friday, with BTC posting its largest daily gain in six months. It was up by more than 5% in the past 24 hours, while ETH rose by 10% during that time, although both cryptocurrencies remain down by more than 50% for the year. Friday’s push appears to be tied to signals that the U.S. central bank will reverse course from monetary tightening to monetary easing in 2023, lowering interest rates in the process. According to the Federal...

Bitcoin (BTC) and Ether (ETH) both moved aggressively higher on Friday, with BTC posting its largest daily gain in six months. It was up by more than 5% in the past 24 hours, while ETH rose by 10% during that time, although both cryptocurrencies remain down by more than 50% for the year. Friday’s push appears to be tied to signals that the U.S. central bank will reverse course from monetary tightening to monetary easing in 2023, lowering interest rates in the process. According to the Federal...