Bitcoin struggles around $23,000 level as new-year rally loses steam
Publishing timestamp: 2023-02-06 16:20:29
Summary
The price of Bitcoin dipped below $23000 over the weekend as investors reacted to the latest U.S. employment numbers and looked toward a batch of Federal Reserve member speeches. Bitcoin is still up 39.1% for the year, but Ether fell as low as $1610.21. Many believe that the macro environment will continue to be a challenge for risk assets including crypto, and Fed members will likely continue to remind the market that the Federal Funds rate will climb above 5% and will be kept there throughout the year.
Sentiment: MIXED
Tickers: .DXY, US10Y, BTC.CM=,
Keywords: bitcoin/usd coin metrics, markets, business news, bitcoin, breaking news: markets, investment strategy, dxy us dollar currency index, cryptocurrency, u.s. 10 year treasury,