Bitcoin Looks Set to Make the Highest Weekly Surge Since March - BitcoinEthereumNews.com
This trend change can be attributed to a risk appetite surge in global markets coupled with the recent इस्तीफा of Boris Johnson as the UK prime minister. इंट्राडे ट्रेडिंग के दौरान, बिटकॉइन पिछले सात दिनों में 13.5% बढ़कर 21,630 डॉलर पर पहुंच गया CoinMarketCap. Garry Krugljakow, the founder of the GOGO protocol, acknowledged: “Theres too much uncertainty. I will say, however, that Bitcoin has held up rather well in comparison to a lot of other assets. And looking back on this bear market, people will likely remember it as Bitcoin showing its true strength to the world.” स्रोत: ब्लूमबर्ग The Federal Reserve (Fed) has adopted the strategy of raising interest rates to tame runaway inflation, with the latest वृद्धि of 75 basis points (bps) being the highest since 1994. This approach has been undertaken based on the high inflation rate on American soil, which stood at a 40-year high. Nevertheless, this has been detrimental to Bitcoin because of the bearish trend triggered. For instance, Bitcoin nosedived below the psychological price of $20,000, a scenario not seen since December 2020, based on the latest interest rate hike. With inflation cooling, Marcus Sotiriou believes the Fed will become less aggressive, which will be advantageous to the crypto market. The GlobalBlock analyst