Bitcoin touched $65,000 for the first time in about three weeks, aided by reviving demand for dedicated US exchange-traded funds amid signs that the Federal Reserve is set to loosen monetary policy.
The largest digital asset rose as much as 1.2% to $65,030 on Monday before dipping back to $63,780 as of 9:19 a.m. in New York. The cryptocurrency advanced 7.4% last week, the sharpest increase for such a period since mid-July.
Source link
Suvashree Ghosh
https://www.bloomberg.com/news/articles/2024-08-26/bitcoin-btc-flirts-with-65-000-on-powell-pivot-streak-of-etf-flows
2024-08-26 13:23:11
