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- 1Bitcoin Hits $86,000 Despite Fed Rate Hikes, Analysts Weigh In▼Why Bitcoin Hit $86,000 Despite Fed Rate Hikes - VanEck's Sigel, Former CFTC Chair Weigh In
Bitcoin climbed to $86,000 even as the Federal Reserve continued raising interest rates, a move that has puzzled traders since higher rates typically pressure risk assets. VanEck's Matthew Sigel and a former CFTC chair offered explanations, pointing to demand dynamics and institutional interest as possible drivers behind the cryptocurrency's resilience.