Coindesk
5 months agoBitcoin Bounces Over $43K, Altcoins, Crypto Stocks Burst Higher as Fed Projects Rate Cuts Next Year
Bitcoin (BTC) surpassed $43,000 for the first time since the flash crash, leading to a rally in the crypto market and digital asset-focused companies.
The Federal Reserve signaling interest rate cuts for next year, along with falling bond yields and the US dollar index, supported the rise of risk-assets like stocks and cryptocurrencies. [ more ]