Bitcoin was relatively steady in September and added 4.7%, the strongest performances since 2012 and 2016.
Highlights
- Bitcoin was relatively steady in September and added 4.7%.
- It posted one of the strongest performances since 2012 and 2016.
- The U.S.
- Federal Reserve maintained interest rates between 5% and 5.25% on October 3.
- The odds of Jerome Powell, the chair of the Federal Reserve, increasing rates in the next meeting remain high, a move that can significantly impact crypto liquidity and prices of top coins, including Bitcoin.
- According to Kaiko, Bitcoin is “firm” even though fund rates are relatively high and conservative investors, including institutions, are drawn by governments offering what the analytics platform says is a “risk-free” yield.
Read the original article
Coinbase Will Delist a Massive 80 Trading Pairs on October 16th