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Bitcoin Is Upbeat Above $20K as Investors Grow Optimistic That Steep Rate Hikes Will Soon End; Kardashian and the SEC's Publicity Grab

From coindesk.com

Bitcoin rose markedly for a second consecutive day and was recently trading at about $20,200, a more than 3% gain over the past 24 hours and its highest level in a week. The largest cryptocurrency by market capitalization has crossed the psychologically important threshold several times over the past month but failed to stick amid investor concerns about inflation and the prospect of a harsh recession. On Tuesday, markets responded positively to a surprising decline in job openings in the Job Openings and Labor Turnover Survey (JOLTS), which offered hope that the economy was slowing enough for the U.S. central bank ... (full story)

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  • Category: Fundamental Analysis