Bitcoin Briefly Jumps Above $23,000 as It Attempts Another Rally Following Fed Rate Hike

Bitcoin rose above $23,000 late Wednesday, following stocks higher after the U.S. Federal Reserve raised interest rates but suggested the pace of hikes could slow.

The world's largest cryptocurrency has been trading within a range of between $20,000 to just over $24,000 since mid-June after a brutal crash this year wiped off 50% of its value. The cryptocurrency market has been battered with billions of dollars being wiped off as macroeconomic issues have taken their toll and companies have imploded.

rose above $23,000, following stocks higher after the U.S. Federal Reserve raised interest rates but suggested the pace of hikes could slow., which on Wednesday jumped 4%. Bitcoin traded at $23,168.88 at around 3 a.m. ET on Thursday morning, up around 9% from 24 hours prior, according to data from CoinGecko.Download NBC 5 Dallas-Fort Worth

It’s evidently clear that no new monies are going into Bitcoin & Cryptos. Even Pal’s wife banging Demagogue Billionaire elonmusk has gone silent as Tesla sold most of its BTC holdings.

Bitcoin is slowly moving up📈.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian markets follow Wall Street lower ahead of likely Fed rate hikeAsian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation.
Source: MarketWatch - 🏆 3. / 97 Read more »

Fed unleashes another big rate hike in bid to curb inflationThe Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.
Source: mercnews - 🏆 88. / 68 Read more »