Bitcoin rises as decreased US interest rate bets boost market.

With the expectations of a US interest rate hike cooling off, providing support for risk assets, Bitcoin has risen. The US non-farm payroll data released on Thursday was weaker than expected. David Morrison of Trade Nation stated in a report that speculation that the Federal Reserve may raise interest rates more than once before the end of the year has diminished, improving investor sentiment towards Bitcoin. "Lower borrowing costs can typically support risk-sensitive assets such as cryptocurrencies through improved liquidity conditions." Data from the London Stock Exchange Group shows that Bitcoin rose by 0.8%, reaching $62,062, after hitting a weekly high of $62,128 on Thursday.