Bitcoin briefly rises above $24,000, extending its new year rally amid a broader gain in tech stocks
Publishing timestamp: 2023-02-02 16:13:36
Summary
Bitcoin briefly touched $24000 level on Thursday, reaching a key technical level and building on its January rally. The jump coincided with a broader rally in stocks led by Nasdaq, a drop in U.S. Treasury yields and U.S. Dollar Currency Index (DXY). Bitcoin has rallied more than 40% since the start of the year and January was its best month since October 2021 and its best January since 2013.
Sentiment: POSITIVE
Tickers: BTC.CM=,
Keywords: investment strategy, jerome powell, federal reserve system, bitcoin/usd coin metrics, business news, markets, bitcoin,