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Sentiment shifts bullish as Bitcoin approaches $11K

From etoro.com

Bitcoin is back in the driving seat. The leading crypto has made 2.5% gains over the past week, pushing the crypto market upwards as sentiment shifts in favor of the bulls. The move comes on the back of macroeconomic news. Last Wednesday, the Federal Reserve pledged to keep interest rates close to zero until 2023. Traditional safe haven gold failed to capitalize on subsequent weakness in the dollar, but digital safe haven Bitcoin moved on upwards to flirt with $11K. {chart} Meanwhile, Ethereum is trading sideways. The smart contract platform has passed several network milestones in the last few days, yet the price ... (full story)

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  • Category: Fundamental Analysis