Saturday, May 28

Bitcoin Hits $37,500 as Stocks Recover Losses Ahead of Wednesday’s FOMC Statement By Cointelegraph


©Reuters. Bitcoin Hits $37,500 as Stocks Recover Losses Ahead of Wednesday’s FOMC Statement

The prevailing sentiment of bearishness in the crypto market shifted to hope on Jan. 25 after the price of () briefly rose to $37,500 as equity markets staged a midday rally that recouped most of the losses from Jan. 24.

Even with the January 25 rally, global markets continue to be in a state of flux, mainly due to uncertainty over the US Federal Reserve’s plan to raise interest rates in the coming months, and the latest signal indicates that the first rate hike will occur in March.

  • Is there a chance that the price of Bitcoin will reach $100,000 in 2022?

Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin bulls reclaimed the $36,000 level early on Jan. 25 and managed to break above $37,500 before a pullback at the close of trading weighed on the price. of BTC.

Read the full article on Cointelegraph

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