The oldest cryptocurrency’s push past $20,000 has turned the market mood more bullish. Bitcoin’s 5.6% gain since Sunday represents the biggest weekly gain in three months. But the crucial test will come next week when the Federal Reserve’s Federal Open Market Committee meets. Most traders expect the U.S. central bank to raise the main interest rate by 75 basis points (0.75 percentage point), but the drama is likely to come from whatever Fed Chair Jerome Powell signals about the committee’s plans for its December meeting.
Related posts
-
AI-Led Investment Fund Sees Bitcoin Price (BTC) Going to $140K
Another memorable trade: chipmaker giant Nvidia has been AI’s top pick since the experiment began in... -
$99K Bitcoin Reacts To Gensler’s SEC Departure Announcement
Este artículo también está disponible en español. Bitcoin (BTC) jumped beyond $99,000 on Thursday, setting a... -
First Cash-Settled Bitcoin Options to Debut on Cboe
Cboe Global Markets, Inc., announced plans to launch the first cash-settled options product linked to spot...