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Bitcoin Lingers Under $20,000 for Longest Stretch Since Late 2020.

Authors :
Nicolle, Emily
Source :
Bloomberg.com; 10/21/2022, pN.PAG-N.PAG, 1p
Publication Year :
2022

Abstract

Novogratz also repeated an earlier prediction that Bitcoin's price will start to recover when people perceive the Federal Reserve as flinching on rising interest rates. (Bloomberg) -- Bitcoin has spent more than two weeks trading below a key threshold of $20,000 for the first time since breaching that level in late 2020, indicating a lack of optimism among traders as the asset class's trademark volatility dissipates in the face of rising interest rates. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
159807116