Very important bitcoin metrics give evidence of a new Bull Market; See which cryptocurrencies can surf the wave. (Image: Twitter/Reproduction)
THE Bitcoin (BTC) engaged the rapid march in the early afternoon of Wednesday (9), boosting the discharge of the global market of cryptocurrency.
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At around 5:10 pm, Bitcoin even exceeded the $ 112,000 level, according to the data available in Coinbase.
It is worth remembering that not every quotation aggregator may have reached the same value at the same time, given the decentralzed character of cryptocurrencies.
At the same time, other cryptocurrencies also jumped over 5%.
There is no specific reason for the Bitcoin and the cryptocurrency market, with the advance being attributed to a number of factors. Earlier, the minutes of the latest Federal Reserve (Fed, the Central Bank of the United States) was published.
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The document showed that only “some” members present at the June 17th and 18th meeting Federal Reserve (Fed) thought the interest rate could fall this month, and most members are still concerned, to some extent, with the inflationary pressure they expect to come from the president Donald Trump.
Trump has required immediate interest cuts and requested the resignation of the Fed Chair, Jerome Powellbut the minutes showed only a small support for a reduction in loans between 19 members of the Central Bank of United States (USA).
In addition, in the absence of price catalysts, what has sustained the digital asset sector is the appetite of managers to create their ETFS (index funds) and the Bitcoin Pallet Strategy of the companies.
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Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
