Bitcoin's Rally and Setbacks: A Market Outlook Update.
TL;DR Summary
Bitcoin and other cryptocurrencies have consolidated gains from one of the best stretches for digital assets in more than two years amid hopes of more accommodative monetary policy from the Federal Reserve. Bitcoin is still up almost 50% so far this year but has fallen back from a peak above $26,000 on Tuesday, which marked the highest levels since the crypto crash accelerated last June.
Topics:business#bitcoin#cryptocurrencies#cryptocurrency#federal-reserve#market-consolidation#monetary-policy
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- Bitcoin is already up 50% this year — beating stocks and gold CNBC
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