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Bitcoin Thrives in Chaos, Breaks Above $28,000 For First Time Since June

From bnnbloomberg.ca

Turmoil in the banking sector, hotter-than expected inflation data, and renewed hopes for a dovish Federal Reserve has Bitcoin reaching levels not seen in about nine months. The largest digital asset topped $28,000 for the first time since June 2022, trading for as much as $28,258 on Sunday. Since the start of the year, Bitcoin’s price has risen almost 70%. Other digital assets rallied as well — with Ethereum up about 17% since the start of last week and so-called altcoins like Solana and Cardano advancing, too. Traders waded high levels of uncertainty last week in markets. US two-year yields fluctuated wildly, and ... (full story)

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  • Category: Fundamental Analysis