[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]
The price of Bitcoin (BTC) rose considerably yesterday, Wednesday, following the announcement of a rate hike by the US Federal Reserve (FED).
Despite the fears of traders and analysts earlier this week, the price of Bitcoin is back above $22,000. Indeed, BTC/USD rose from around $21,600 before the Fed’s announcements to $23,415 overnight, an increase of around 8.45% in a few hours.
Furthermore, the BTC/USD broke through its 100 and 200 hour moving averages, which is a positive signal. In addition, the BTC/USD is back at the 200-week moving average (MA), which is around $22,800. According to traders and analysts, yesterday’s rise could potentially confirm the start of a bullish recovery.
The strong reaction in Bitcoin came after the US Federal Reserve unveiled a new rate hike. Indeed, the FED revealed a 0.75 basis point hike, one of the highest since 1994.
Jerome Powell, Chairman of the FED said that the bank would continue to take a firm monetary stance to curb inflation, he also said that it may also end its recent rate hikes.
However, the rise in the price of Bitcoin could potentially be reversed after the announcement of US growth figures and the prospect of the world’s largest economy falling back into recession.
Read also > Bitcoin: Why do investors continue to bet on this currency despite its recent fall?
Featured photos : © Press[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
The price of Bitcoin (BTC) rose considerably yesterday, Wednesday, following the announcement of a rate hike by the US Federal Reserve (FED).
Despite the fears of traders and analysts earlier this week, the price of Bitcoin is back above $22,000. Indeed, BTC/USD rose from around $21,600 before the Fed’s announcements to $23,415 overnight, an increase of around 8.45% in a few hours.
Furthermore, the BTC/USD broke through its 100 and 200 hour moving averages, which is a positive signal. In addition, the BTC/USD is back at the 200-week moving average (MA), which is around $22,800. According to traders and analysts, yesterday’s rise could potentially confirm the start of a bullish recovery.
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.
[/vc_cta][vc_column_text]Featured photo : © Press[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
The price of Bitcoin (BTC) rose considerably yesterday, Wednesday, following the announcement of a rate hike by the US Federal Reserve (FED).
Despite the fears of traders and analysts earlier this week, the price of Bitcoin is back above $22,000. Indeed, BTC/USD rose from around $21,600 before the Fed’s announcements to $23,415 overnight, an increase of around 8.45% in a few hours.
Furthermore, the BTC/USD broke through its 100 and 200 hour moving averages, which is a positive signal. In addition, the BTC/USD is back at the 200-week moving average (MA), which is around $22,800. According to traders and analysts, yesterday’s rise could potentially confirm the start of a bullish recovery.
[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account ? Please log in.
[/vc_cta][vc_column_text]Featured photo : © Press[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
