Blackrock Stirs Bullish Momentum with Spot BTC ETF: $28,000 Bitcoin Price On The Horizon?
Based on Powell’s hawkish speech, investors should expect more interest rate hikes, making this a temporary injunction. On the other hand, investors hoped that the era of hikes if finally coming to an end. advertisement Nevertheless, the Fed is still committed to bringing inflation down to 2%. Bitcoin price, which felt the pinch after the Fed announcement, has bounced from support at $24,700 and is trading at $25,500 on Friday. Live price data tracked by CoinGape, shows a 2% bullish pump in the last 24 hours. The uptick in BTC price can be attributed to a few factors including the extremely oversold conditions. However, the news of Blackrock filing for a spot Bitcoin exchange-traded fund (ETF) could be the primary driving force. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...