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Bullish optimism returns as Bitcoin spikes above $30k
The cryptocurrency market ended the week on a strong note as Bitcoin (BTC) briefly spiked above $30,000 for the first time since August 9 on the back of increasing geopolitical tensions, surging bond yields, and rising optimism that a spot BTC ETF will be approved within the next several months. Stocks, on the other hand, slid lower in trading on Friday after Federal Reserve Chair Jerome Powell signaled that the central bank is committed to “higher for longer” interest rates, which led to a spike in the U.S. 10-year Treasury to 5% late on Thursday, its highest level since July 2007. The threat of escalation in ... (full story)