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Bitcoin Cointelegraph

Dollar’s sharp recovery puts Bitcoin’s $25K breakout prospects at risk

Persistent inflation and a strong labor market create conditions for more Fed rate hikes in 2023, which may push Bitcoin down against the U.S. dollar.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Dollar’s sharp recovery puts Bitcoin’s $25K breakout prospects at risk

Persistent inflation and a strong labor market create conditions for more Fed rate hikes in 2023, which may push Bitcoin down against the U.S. dollar.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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