Bitcoin extends rally, moves beyond 150% gains year-to-date

Bitcoin (BTC-USD) continues to rally as the digital asset trades above $42,000 — more than 1.5% for the day — extending its gains of 150% year-to-date. The upward momentum comes as crypto investors become more hopeful about interest rate cuts and Securities and Exchange Commission (SEC) approval for a spot bitcoin ETF.

Yahoo Finance Anchors Julie Hyman and Josh Lipton break down the latest developments with the cryptocurrency.

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