Other things being equal, tighter monetary policy is often a headwind for risk assets – bitcoin among them – as higher rates boost competition for investor capital. With a cycle of lower interest rates across Western economies seemingly at hand, bitcoin bulls might soon have their sights set on the crypto’s all-time high from March above $73,500.
What Next for Bitcoin (BTC) Prices? Traders Target $50,000 as Billions in Selling Pressure Looms
“Bitcoin selling pressure is unlikely to decrease in the coming days,” said Rachel Lin, founder at on-chain crypto exchange SynFutures,...