CBS News - Bitcoin surged to its highest value in 18 months despite industry scandals, driven by ETF prospects and Fed rate expectations

in blockchain •  last year 

https://www.cbsnews.com/news/bitcoin-price-usd-today-cryptocurrency/
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Bitcoin has surged to its highest value in 18 months, despite recent scandals in the cryptocurrency industry.

This surge is being driven by the prospect of regulatory approval for bitcoin exchange-traded funds and expectations that the Federal Reserve will stop raising interest rates.

Bitcoin's value is also benefiting from growing conviction on Wall Street that inflation is receding and that the central bank could start loosening monetary policy by mid-2024.

What do you think?

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