Bitcoin Approaches $29,000 as Traders Bet on ‘Monster’ Fed Rally
07/04/2023 12:20
Bitcoin pulled back from its highest price level since June and smaller cryptocurrencies slumped after the Federal Reserve’s interest-rate increase eased speculation that looser monetary policy would fuel demand for digital assets.
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Bitcoin pulled back from its highest price level since June and smaller cryptocurrencies slumped after the Federal Reserve’s interest-rate increase eased speculation that looser monetary policy would fuel demand for digital assets.
Other tokens associated with crypto entrepreneur Justin Sun dropped sharply after the US Securities and Exchange Commission charged him and three of his companies with offering and selling unregistered securities, as well as price manipulation. TRX, the token associated with the Tron network that Sun started, dropped around 12%. The price of BTT, a token associated with BitTorrent, fell by more than 1%.