Bitcoin Tops $116K, Ether Gains as Fed Rate Cut Bets Firm Up

Bitcoin briefly rose above $116,000 on Friday after fresh US inflation data fueled expectations of a Fed Reserve interest rate cut, lifting risk assets across the board.Ether rose 2.5% to $4,519, while the overall crypto market added 1.5% to $4.1 trillion. The gains followed a week of closely watched economic …