Bitcoin trades above $40K for the first time since May 2022 as it extends its 2023 rebound (Sunil Jagtiani/Bloomberg)

Sunil Jagtiani / Bloomberg:

Bitcoin trades above $40K for the first time since May 2022 as it extends its 2023 rebound  —  – Expectations for first US spot Bitcoin ETFs propelling rally  — Crypto market also benefiting from hopes for Fed rate cuts  —  Bitcoin hit $40,000 for the first time since May 2022 …