Data: Bitcoin's daily increase is 7.5%, the largest single-day increase in nearly two months

ChainCatcher news, Bitcoin posted its largest single-day gain in nearly two months on Wednesday, as weak U.S. economic data increased the likelihood of a Federal Reserve rate cut this summer.

According to data from TradingView and CoinDesk, Bitcoin rose more than 7.5% yesterday, reaching $66,250, marking its biggest increase since March 20. Like other risk assets, Bitcoin is highly sensitive to changes in expectations regarding major central banks' monetary policy stances and rebounds when anticipated fiat currency borrowing costs decline.