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Analysts Weigh In on Bitcoin Hitting $86,000 Despite Fed Rate Hikes
Original: Why Bitcoin Hit $86,000 Despite Fed Rate Hikes - VanEck's Sigel, Former CFTC Chair Weigh In
Bitcoin reached $86,000 even as the Federal Reserve continues raising interest rates, a combination analysts often view as hostile to risk assets. VanEck's Matthew Sigel and a former CFTC chair discussed what is driving the rally, pointing to factors that appear to be offsetting macroeconomic pressure on the cryptocurrency market.
Why now: Bitcoin's rally against the backdrop of Fed rate hikes is surprising to investors and analysts alike.
BitcoinFederal ReserveVanEckMatthew SigelCFTC
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- Why Bitcoin Hit $86,000 Despite Fed Rate Hikes - VanEck's Sigel, Former CFTC Chair Weigh In · benzinga.com
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