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Bitcoin climbs past $23,000 as hopes of softer Fed action fuel crypto relief rally

by Editor July 20, 2022, 10:19 am 1.6k Views

Bitcoin climbs past $23,000 as hopes of softer Fed action fuel crypto relief rally

The world’s largest cryptocurrency is down roughly 50% since the start of 2021.

CFOTO | Future Publishing | Getty Images

Bitcoin broke the $23,000 threshold for the first time in more than a month, as hopes of a rate hike less aggressive than feared from the Federal Reserve triggered a relief rally in cryptocurrencies.

The the world’s biggest cryptocurrency surged as high as $23,800 Wednesday, up 8% in 24 hours and trading at levels not seen…

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