Bitcoin rose above $23,000 following stocks higher after the U.S. Federal Reserve raised interest rates but suggested the pace of hikes could slow.
Bitcoin rose above $23,000 late Wednesday, following stocks higher after the U.S. Federal Reserve raised interest rates but suggested the pace of hikes could slow.
The world's largest cryptocurrency has been trading within a range of between $20,000 to just over $24,000 since mid-June after a brutal crash this year wiped off 50% of its value. The cryptocurrency market has been battered with billions of dollars being wiped off as macroeconomic issues have taken their toll and companies have imploded.
rose above $23,000, following stocks higher after the U.S. Federal Reserve raised interest rates but suggested the pace of hikes could slow., which on Wednesday jumped 4%. Bitcoin traded at $23,168.88 at around 3 a.m. ET on Thursday morning, up around 9% from 24 hours prior, according to data from CoinGecko.Download NBC 5 Dallas-Fort Worth
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