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Cryptos consolidate, stocks climb higher as markets brush off Powell’s interest rate comments

From kitco.com

The broader crypto market continued to trade mixed on Thursday as Bitcoin (BTC) and other recent high flyers consolidated while traders moved to accumulate tokens that they think will make gains in the coming months as the Bitcoin halving approaches. Stocks recovered from Wednesday’s sell-off as investors digested Federal Reserve Chair Powell’s comments on interest rates and decided to continue with their risk-on approach despite the prospect that a rate cut may not come until May at the earliest. Both the DXY and U.S. 10-year Treasury yield declined on Thursday, which benefited stocks. At the closing bell, the ... (full story)

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  • Category: Fundamental Analysis