Bitcoin is back above the $24,000 level
Shares of social giant Meta soared more than 20% despite the fact that the company recorded an earnings miss. However, cost cuts and the company’s $40 billion buyback managed to overshadow the underwhelming report. , the largest cryptocurrency experienced little volatility after the Federal Reserve hiked the benchmark interest rate by a quarter percentage point, which was in line with the market’s expectations.
However, Fed Chair Jerome Powell has signaled that the central bank would continue hiking interest rates in order to tame inflation, meaning that a much-coveted dovish pivot will not happen anytime soon. that Bitcoin’s current rally appears to be in a precarious position since bulls are struggling to print a daily close above the make-it-or-break-it $24,000 level.
Hence, it might seem like the largest cryptocurrency is already losing its momentum after recording stellar gains in January. The largest cryptocurrency is up more than 40% this year, which is a significant relief rally following a string of losses in 2022.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bitcoin, Ethereum Technical Analysis: BTC Jumps to 6-Month High Above $24,000 – Market Updates Bitcoin NewsBitcoin surged above $24,000 on Feb. 02, as markets continued to react to the latest U.S. Federal Reserve policy decision.
Les mer »
Tesla's SEC Filing Shows Bitcoin Fair Market Value of $191 Million – Featured Bitcoin NewsThe fair market value of Tesla's bitcoin at the end of 2022 was $191 million, according to the company's SEC filing. crypto cryptocurrency $BTC $TSLA
Les mer »
Bitcoin, Ethereum Technical Analysis: ETH, BTC Marginally Higher Ahead of FOMC Meeting Results – Bitcoin NewsEthereum was marginally higher on Feb. 1, as markets prepared for the upcoming Federal Open Market Committee (FOMC) meeting results.
Les mer »
Cipher Mining doubles hash rate capacity in JanuaryBitcoin miner Cipher more than doubled its hash rate capacity and bitcoin mined in January.
Les mer »
Top crypto ransomware attacks extorted $69 million in bitcoin: ImmunefiCrypto ransomware payments have generated more than $69.3 million from the top 10 attacks since 2020, the company says.
Les mer »
Silver Price Analysis: 100-SMA, immediate resistance line probe XAG/USD buyer below $24.00Silver Price Analysis: 100-SMA, immediate resistance line probe XAG/USD buyer below $24.00 Silver XAGUSD Technical Analysis Commodities ChartPatterns
Les mer »