Bitcoin Back Above $80,000, but Can It Stay There? ETF Demand, Fed Rate Outlook Hold Key
12 Articles
12 Articles
Bitcoin back above $80,000, but can it stay there? ETF demand, Fed rate outlook hold key
The cryptocurrency jumped as much as 4% on Thursday as stocks rose, Treasury yields fell and the dollar weakened after Federal Reserve Governor Christopher Waller signaled he would support keeping interest rates unchanged if inflation continues to ease.
Economy - The decline in US Treasury bond yields and the dovish messages from the Fed have energized the cryptocurrency market. Bitcoin, climbing to $81,569, dragged the altcoin market along with it.
A short squeeze and the fall of the US dollar have catapulted Bitcoin after a short consolidation to more than 82,000 dollars. The triggers were speculations about a new yen intervention and significantly lower expectations of an interest rate increase of the Fed. But behind the explosive movement so far there is only a inconsistent US demand. Whether Bitcoin stands before the next rally, decides [...] The post Bitcoin jumps over 82,000 dollars …
Key Points: • One touch of $82,000 • Williams-Waller's remarks dampen expectations of interest rate hikes • Employment statistics are the focus today • Yen appreciation weighs on yen-denominated price Yesterday's BTC Market Yesterday's BTC Market... The post Bitcoin touches $82,000 on dovish remarks, will it break through with employment statistics? [Rakuten Wallet Daily Report] first appeared on NADA NEWS.
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