TL;DR
- BTC’s price surged to near $36,000, potentially influenced by the US Federal Reserve’s decision to pause interest rate hikes, though future increases remain possible.
- MicroStrategy’s acquisition of an additional 155 BTC, expanding their holdings to a value of over $5.5 billion, may also contribute to the cryptocurrency’s price increase.
- The broader crypto market is bullish, with a market cap of $1.35 trillion and anticipation of positive regulatory developments, like a Ripple lawsuit victory or a BlackRock BTC ETF approval, could further stimulate the sector’s growth.
The Fed’s Decision
The price of bitcoin (BTC) briefly spiked to almost $36,000 a few hours ago, infusing additional enthusiasm in the entire cryptocurrency space. One factor behind the 18-month peak could be the decision coming from the US Federal Reserve.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased