What Happened to the Crypto Markets After the Latest FOMC Meeting ?

Written by ulriklykke | Published 2023/02/24
Tech Story Tags: bitcoin | cryptocurrency | markets | cpi | crypto | crypto-stories | crypto-market | crypto-trading

TLDRLast week, the digital asset market experienced an unexpected surge, with Bitcoin (BTC) leading the way with an impressive 12% daily gain on Tuesday. What’s more peculiar is that last week was an objectively bearish week, with the release of the January Inflation reading (CPI) coming in a bit more steamy than analysts expected, which sent risk assets down across the board. Yet BTC rebounded quickly to most people’s surprise.via the TL;DR App

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Written by ulriklykke | Author of the Bitcoin Global Macro, a newsletter focusing on digital assets, macro insights & investment ideas.
Published by HackerNoon on 2023/02/24