Bitcoin's 2023 rally gathers steam as cryptocurrency briefly tops $23,000
Publishing timestamp: 2023-01-23 16:20:55
Summary
Bitcoin prices have been rising as investors anticipate a Federal Reserve "pivot" to cutting interest rates. Ether, the second-biggest digital coin, has also rallied to its highest level since November 2022. The recent surge in Bitcoin prices has been fueled by the wipe-out of short positions, and investors have not been greatly perturbed by the collapses of top crypto companies. There is a possibility of a pullback, but the overall sentiment is positive.
Sentiment: POSITIVE
Tickers: BTC.CM=, ETH.CM=, .DXY,
Keywords: markets, technology, ethereum/usd coin metrics, bitcoin/usd coin metrics, fintech, cryptocurrency, business news, internet, bitcoin,
Source: https://www.cnbc.com/2023/01/23/bitcoin-2023-rally-gathers-steam-as-cryptocurrency-tops-23000-.html