Bitcoin Climbs Above $87,000 as Fed Rate Cut Bets Lift Asian Markets

Bitcoin rose above $87,000 during Monday's Asian trading session, gaining 1.5% to $87,461 as regional equities strengthened. The rally followed remarks from New York Fed President John Williams indicating interest rates could decline in the near term. Market pricing now shows approximately 57% probability of a December rate cut, up from less than 30% a week earlier.