Bitcoin Is Up 13% Since the Fed Hike. Here's Why the Funds That Sold Came Back
Bitcoin price is up about 13% since the Federal Reserve raised rates on September 16, and Wall Street funds did most of the buying. Three things brought them back. The bad news was already in the price, higher rates stopped scaring buyers, and the chart showed room to rise. The Bad News Was Already in The post Bitcoin Is Up 13% Since the Fed Hike. Here's Why the Funds That Sold Came Back appeared first on BeInCrypto.
Key Takeaways
- Bitcoin price is up about 13% since the Federal Reserve raised rates on September 16, and Wall Street funds did most of the buying.
- Three things brought them back.
- The bad news was already in the price, higher rates stopped scaring buyers, and the chart showed room to rise.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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