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Bitcoin Price Steady Ahead of Powell Statement
Bitcoin price has held steady in the past few days as investors bought the dip. The BTC/USD pair was trading at 115,575, up from last Friday’s low of 106,895. It remains about 9% below the year-to-date high of 126,300. Bitcoin has also rebounded as investors continued buying the dip. Data shows that investors bought exchange-traded funds (ETF) as they expect it to continue bouncing back. These funds added over $2.7 billion in assets last week after adding $3.2 billion in the previous week. Bitcoin price also rose as investors reacted to the easing tensions between the United States and China. Analysts believe that ... (full story)
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