cryptocurrency

US equities fell on Monday as traders awaited important inflation data that may provide hints about the US Federal Reserve's intentions to lower interest rates later in the year.

Due to a spike in investment into U.S. spot exchange-traded cryptocurrency products and the possibility of a global decline in interest rates, Bitcoin reached a new record high on Tuesday.

Bitcoin on Tuesday in the global cryptocurrency markets reduced some of the gains after breaking $68,800, or lingering around its all-time high, to trade at roughly $66,700.

According to CoinDesk data, Bitcoin resumed its upward trajectory on Thursday, rising 1.34 percent to trade at $53,311. Notably, the price reached $50,000 on Tuesday—a major milestone—for the first time in over two years. The…