Vanguard U-turn fuels Bitcoin price to $93,000 as analysts expect macro boost

Bitcoin has rallied 10% this week, jumping above $93,000 on Wednesday after Vanguard — the second-largest asset manager seen as Wall Street’s most stubborn holdout — embraced crypto exchange-traded funds. The course reversal by the $11 trillion fund manager coincided with optimism in broader markets as investors now expect the Federal Reserve to slash interest rates at next Wednesday’s chair meeting. Coinbase’s Singapore country director Hassan Ahmed told DL News that macroeconomic tailwinds will benefit ...