Bitcoin prices have recently climbed to almost $25,000 from $22,800 in hopes that inflation has peaked and the Federal Reserve will slow the pace of interest-rate increases in the U.S., as well as adopt looser monetary policies in 2023. Bond yields, however, have remained resilient in the wake of the Aug. 10 consumer price index (CPI) data, a signal that bitcoin traders might be wrong in making dovish assumptions.
Related posts
-
Ethereum On The Rise and Outperforms Bitcoin: Signals Indicate Fresh Increase
Ethereum price started a fresh increase from the $3,365 zone. ETH outperformed Bitcoin and might aim... -
Bitcoin Price Decline Continues: Lower Targets in Sight
Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and... -
Advisors cautious with Bitcoin ETF adoption: BlackRock exec
BlackRock’s chief investment officer for ETF and index investments, Samara Cohen, has hinted that financial advisors...