BTC - Why Shares of Bitcoin Ethereum and Shiba Inu Are Surging Today
The world's largest cryptocurrency, Bitcoin (CRYPTO: BTC) , suddenly saw its largest daily gain in six months today, as investors contemplated a Federal Reserve pivot if the U.S. economy deteriorates.
As of 10:17 a.m. ET today, the price of Bitcoin traded more than 10% higher and rose above $21,000. The price of the world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH) , traded 6.4% higher, while the price of the meme token Shiba Inu (CRYPTO: SHIB) was up more than 8%.
Another day and more changing sentiment for the market. All year the market has been trying to figure the Fed out. How long will the Fed stay hawkish? How aggressively will the Fed hike interest rates? Could the Fed pivot in 2023?
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Why Shares of Bitcoin, Ethereum, and Shiba Inu Are Surging Today