✉news BusinessCrypto first seen 9 h ago, last 49 min ago, peak #7
Bitcoin turns bullish as traders bet Fed will pause
Original: Bitcoin headed 'in bullish direction' as investors bet on Fed pause: Chart of the Day
Bitcoin is moving in a bullish direction, according to Yahoo Finance's Chart of the Day, as investors grow increasingly confident that the US Federal Reserve will pause its rate-hiking cycle. Traders see a hold on rates as supportive for risk assets, and crypto has rallied alongside stocks on those expectations. The chart analysis highlights renewed momentum in the cryptocurrency after weeks of uncertainty about monetary policy.
Why now: Investors are speculating that an expected Fed rate pause will lift risk assets like Bitcoin.
Rank over time, top of the chart is #1. 8 snapshots from 9 h ago to 49 min ago.
Evidence
- Bitcoin headed 'in bullish direction' as investors bet on Fed pause: Chart of the Day · Yahoo Finance
- Bitcoin headed 'in bullish direction' as investors bet on Fed pause: Chart of the Day · Yahoo Finance Singapore
API: https://socialmediatrends-api.osmike.com/v1/trends/863970