Bitcoin Climbs Above $81,000 as Rate-Hike Fears Ease
Traders point to cooling expectations of further rate hikes and rising hopes for friendlier crypto regulation as the drivers behind the move.
Bitcoin rose above $81,000 as investors grew less worried about additional rate hikes and more optimistic about regulatory treatment of crypto.
Bitcoin climbs back above $81,000
Bitcoin's price action shows the rally described in the story, as traders price in fewer rate hikes and friendlier crypto regulation.
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<figure><a href="https://www.indy.finance/news/bitcoin-climbs-above-81-000-as-rate-hike-fears-ease"><img src="https://www.indy.finance/news/bitcoin-climbs-above-81-000-as-rate-hike-fears-ease/graphic.svg" alt="Bitcoin climbs back above $81,000" width="1200" height="675"></a><figcaption>Bitcoin climbs back above $81,000 — <a href="https://www.indy.finance/news/bitcoin-climbs-above-81-000-as-rate-hike-fears-ease">Indy Finance</a></figcaption></figure>If upcoming US jobs or inflation data reignites expectations of further rate hikes, bitcoin's rally above $81,000 would likely reverse.
- Investing.com — All NewsBitcoin surges above $81k as rate hike fears cool, regulatory hopes growExternal ↗
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Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.