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Bitcoin hit $22,000 as the US dollar retreats
Bitcoin continues the upside momentum that begins on September 7. Since then the price has appreciated nearly 22% and finally managed to cross above $22,000. A risk-on mood helped the riskier assets. Investors await U.S inflation data and assess an upgrade of the Ethereum blockchain ahead of the merger. The flagship currency scales higher by as much as 3.3% at the beginning of the week. Ethereum lagged behind in today’s session. A weaker U.S dollar majorly sponsors the move. The retracement started in the previous week after the greenback touched the 24-year high above 110.00. Mixed signals from the Federal Reserve ... (full story)
