Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says

from Coindesk 9 months ago

Analysts noted the dovish Fed stance after the FOMC meeting, tapering balance sheet runoff, and no plans for rate cuts, favoring cryptocurrencies like Bitcoin.
Coindeskhttps://www.coindesk.com/markets/2024/05/03/bitcoin-hits-62k-as-cryptos-bounce-correction-likely-over-but-expect-a-slow-grind-higher-arthur-hayes-says/

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Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes SaysBitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says Briefly

Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says
Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says
Briefly