✉news BusinessCrypto first seen 19 h ago, last 39 min ago, peak #7
Bitcoin charts bullish path as traders bet on Fed 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 analysis, as investors increasingly bet that the US Federal Reserve will pause interest rate hikes. Expectations of a dovish Fed have lifted risk assets broadly, with crypto markets among the beneficiaries. Traders are watching upcoming Fed signals for confirmation.
Why now: Investors are positioning around expectations that the Federal Reserve will pause rate hikes, which is boosting Bitcoin and other risk assets.
Rank over time, top of the chart is #1. 12 snapshots from 11 h ago to 39 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
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