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Bitcoin Lingers Under $20,000 for Longest Stretch Since Late 2020.
- 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]
- Subjects :
- BITCOIN
CRYPTOCURRENCIES
CRYPTOCURRENCY mining
STANDARD & Poor's 500 Index
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 159807116