Business News Asia
Bitcoin got further upwind yesterday after Fed Chairman Powell sent less strong signals towards interest rates than previously expected. He spoke of interest rate hikes, but once again did not specify an exact date.
The bitcoin price has risen slightly since last night. It reached $43,000 around 3 am before slowly falling to the current level of $42,736.77.
Apart from Bitcoin, other markets such as the U.S. stock market seem to have taken a positive turn: The S&P 500 rose 42.78 points, or 0.92%, indicating that investors continue to expect liquidity in the market.
The Bitcoin rise has also brought back more confidence in other cryptocurrencies. All major coins measured by market capitalization could follow Bitcoin’s positive movement.
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Wednesday, January 12, 2022