First Mover Asia: Is Bitcoin’s Ride Past $24.1K a Stopping Point or Sign of Further Gains?

How long bitcoin continues to trade in its current range near or above $23,000 remains unclear with some market observers believing that prices will retreat, but others highlighting more optimistic signs, including the Fed’s last two more moderate rate hikes. “Historically, as interest rates rise moderately, as opposed to aggressively the average returns and bitcoin increase massively, more so than traditional assets since the speculators return quickly to buy as the credit and money become more available,” CoinDesk Indices Managing Editor Jodie Gunzberg told CoinDesk TV’s “First Mover” program.

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• Source: https://www.coindesk.com/markets/2023/02/02/first-mover-asia-is-bitcoins-ride-past-241k-a-stopping-point-or-sign-of-further-gains/?utm_medium=referral&utm_source=rss&utm_campaign=headlines