𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐒𝐨𝐚𝐫𝐬 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 $𝟖𝟎,𝟎𝟎𝟎 𝐭𝐨 𝐒𝐞𝐯𝐞𝐧-𝐌𝐨𝐧𝐭𝐡 𝐇𝐢𝐠𝐡
Bitcoin has surged above $80,000, reaching its highest level since May.
The world’s best-known cryptocurrency climbed to $84,721 in morning trading.
𝙈𝙖𝙧𝙠𝙚𝙩 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢
Chris Beauchamp, Chief Market Analyst at IG, noted that Bitcoin has finally breached the May highs after months below the $80,000 level.
Financial markets have shifted back toward a risk-on environment, after being dominated by concerns over:
=> Government bond yields
=> Rising debt levels
=> The prospect of tighter monetary policy from the Federal Reserve
Cryptocurrencies are advancing broadly, supported by recent inflows that could potentially attract additional capital.
Beauchamp also pointed to the possibility that investors are becoming more comfortable operating in an environment of higher US interest rates, while lower oil prices are providing additional support.
We released our latest research on the Bitcoin Year-End Forecast. The comprehensive research is attached to this post and covers our outlook for BTC into year-end.
#Crypto #Blockchain #DeFi #NFTs #Bitcoin #Ethereum #CryptoNews #CryptoMarket #DigitalAssets #Web3 #Altcoins
Bitcoin has surged above $80,000, reaching its highest level since May.
The world’s best-known cryptocurrency climbed to $84,721 in morning trading.
𝙈𝙖𝙧𝙠𝙚𝙩 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢
Chris Beauchamp, Chief Market Analyst at IG, noted that Bitcoin has finally breached the May highs after months below the $80,000 level.
Financial markets have shifted back toward a risk-on environment, after being dominated by concerns over:
=> Government bond yields
=> Rising debt levels
=> The prospect of tighter monetary policy from the Federal Reserve
Cryptocurrencies are advancing broadly, supported by recent inflows that could potentially attract additional capital.
Beauchamp also pointed to the possibility that investors are becoming more comfortable operating in an environment of higher US interest rates, while lower oil prices are providing additional support.
We released our latest research on the Bitcoin Year-End Forecast. The comprehensive research is attached to this post and covers our outlook for BTC into year-end.
#Crypto #Blockchain #DeFi #NFTs #Bitcoin #Ethereum #CryptoNews #CryptoMarket #DigitalAssets #Web3 #Altcoins
