✉news BusinessCrypto first seen 12 h ago, last 11 h ago, peak #25
Bitcoin Rises as US Rate-Hike Bets Fade
Original: Bitcoin Lifted by Reduced U.S. Rate-Rise Bets -- Market Talk
Bitcoin gained ground as markets scaled back expectations of further interest-rate increases by the U.S. Federal Reserve. Softer rate-rise bets typically support risk assets like cryptocurrencies by reducing the appeal of yield-bearing investments. Traders are watching upcoming U.S. economic data for confirmation of the shifting outlook on monetary policy.
Why now: Bitcoin's price is moving in response to changing expectations about Federal Reserve interest-rate policy.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/713427