Will Bitcoin break $35,000 this month?

Nigel Green highlights key pillars that could bolster Bitcoin’s efforts to continue its upward pattern and potentially hit $35k this month. The post Will Bitcoin break $35,000 this month? appeared first on CityAM.

Highlights

• Nigel Green highlights key pillars that could bolster Bitcoin’s efforts to continue its upward pattern and potentially hit $35k this month.
• The world’s largest cryptocurrency is around $28,030, with its market capitalisation having jumped 25.46% in the last seven days.
• The US Federal Reserve and five other major central banks are taking fresh measures to improve global liquidity as traditional financial markets remain jittery from the turmoil hitting the banking sector.
• Lower interest rates typically lead to increased liquidity in financial markets, as investors are more willing to invest in riskier assets, such as crypto, with the expectation of higher returns.
• The current bull run in Bitcoin is sparking FOMO (the Fear Of Missing Out)

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