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Fed's Falcon Messages Couldn't Stop Bitcoin (BTC)
Fed's Falcon Messages Couldn't Stop Bitcoin (BTC)
Cryptocurrency markets are following a positive trend in the new day. Despite the hawkish messages from the US Federal Reserve (Fed), Bitcoin continued its upward movement and surpassed $31,000. BTC finds buyers at $ 31,294 as of 11.55 pm.
BTC turned its direction up after BlackRock CEO Fink's statements. BTC, which fell to $ 30,200 yesterday, rose above $ 31,000 with purchases from this level.
The statements of BlackRock CEO Larry Fink, who applied for a spot ETF, were effective in the rise of BTC. Fink stated that Bitcoin is digital gold and has become an international asset. The CEO of the company stated that they are working to make crypto democratic and cheaper.
The minutes of the Fed's June meeting were published yesterday evening. Fed members gave the message of more rate hikes to fight inflation. After the minutes, sales in the stock markets accelerated. US bond yields rose.
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