Can Bitcoin bulls claw their way to a $30,000 retest?
“This comes a day after Federal Reserve Chair Jerome Powell said the US banking system was stronger than ever.”
Financial commentary resource, The Kobeissi Letter, considered the potential for the fallout to continue to ripple outward.argued"S&P 500 is down over 100 points from its high this week while regional banks are at fresh lows. At first, it appeared the crisis was isolated. Perhaps this isn’t as isolated as it seemed."
After the Federal Reserve raised interest rates this week, market expectations nonetheless pivoted to predicting an end to the hiking cycle. According to CME Group'sFed target rate probabilities chart. Source: CME GroupWhen it came to BTC price action, traders eyed the potential for a closer rematch with $30,000 and higher.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India's Adani Ports sells Myanmar port for a discounted $30 millionIndia's Adani Ports and Special Economic Zone Ltd said on Thursday that it has completed the sale of its port in sanction-hit Myanmar for $30 million, significantly lower than its investment in the project.
Read more »
Bitcoin (BTC) Price Analysis for May 4Can BTC get back to the $30,000 mark shortly? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Read more »
BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million – Bitcoin NewsThe Bitcoin community is abuzz with conversations surrounding the BRC20 token standard as it garnered substantial attention in the past week.
Read more »
Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet – Bitcoin NewsFormer CTO at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June.
Read more »
First Mover Americas: Bitcoin Layer 2 Stacks Begins May on TopBitcoin gained on Tuesday, but Stacks' $STX token was up even more, continuing its big run higher. LedesmaLyllah reports
Read more »