✉news BusinessCrypto first seen 15 h ago, last 1 h ago, peak #8
Bitcoin Hits $86,000 Despite Fed Rate Hikes, Analysts Weigh In
Original: 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.
Why now: Bitcoin reaching a new high against the backdrop of Fed tightening contradicts expectations, prompting analysts to explain the divergence.
BitcoinFederal ReserveVanEckMatthew SigelCFTC
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Evidence
- Why Bitcoin Hit $86,000 Despite Fed Rate Hikes - VanEck's Sigel, Former CFTC Chair Weigh In · benzinga.com
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