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Crypto – U.S Market Correlation Continued on Friday, Delivering Bitcoin (BTC) Support

From fxempire.com

It was a bullish session for Bitcoin (BTC) and the broader crypto market on Friday. Market jitters over FED monetary policy and hawkish FOMC member chatter from Thursday abated at the end of the week. On Wednesday, U.S inflation looked to have change the trajectory of interest rates. A number FOMC members spoke of the need for possibly 4 rate hikes to curb inflation on Thursday. In December, the U.S annual rate of inflation had hit the highest level since 1982. Hawkish chatter had left Bitcoin in the red in response. The moves across the crypto market were aligned with those of the U.S equity markets, which also ... (full story)

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  • Category: Fundamental Analysis