The largest cryptocurrency by market cap recovered to $43,000 after Monday’s 10% flash crash to $40,000 that flushed overenthusiastic leveraged bets on higher prices. A dovish Federal Reserve projecting rate cuts and the falling U.S. dollar bolstered the recovery, but lost steam by Friday and BTC slipped back to $41,500.
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- Source: https://www.coindesk.com/markets/2023/12/15/bitcoin-at-risk-of-snapping-historic-winning-streak-but-perfect-storm-brews-for-a-strong-2024/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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