Bitcoin is rallying due to interest rate forecasts, says Coinjournal’s Dan Ashmore
Key takeaways Bitcoin is trading above the $28k level for the first time since June 2022. Coinjournal’s Dan Ashmore believes that the interest rate forecasts are responsible for the ongoing rally by Bitcoin and other cryptocurrencies. Many in the market still consider the recent banking crisis as the reason why investors are entering the crypto […]
Bitcoin’s recovery will depend on a lot of macro-activities affecting the market, says Dan Ashmore
Coinjournal’s Dan Ashmore says numerous factors, including inflation and rate hikes, have affected the prices of most cryptocurrencies. He told CNBC that Bitcoin’s recovery would depend on numerous macro events affecting the market. Bitcoin and the broader crypto market have lost more than 65% of their value since the all-time high of November 2021. Bitcoin’s […]