HomeAbout

TL;DR CNBC


Bitcoin climbs 5% above $28,000 as investors shrug off regulatory crackdowns - TL;DR CNBC

Bitcoin climbs 5% above $28,000 as investors shrug off regulatory crackdowns

Publishing timestamp: 2023-03-29 06:36:50


Summary

Bitcoin surged 5% to $28474, retaking the $28000 level after initially dipping below it on Monday following news of the CFTC's lawsuit against Binance. Investors appeared to be shaking off anxiety surrounding U.S. regulatory crackdown on crypto and betting on the U.S. Federal Reserve reversing its interest rate hiking path later this year. The reason for the jump on Wednesday was not immediately clear, but it comes amid a broad rise in U.S. stocks. Bitcoin has been known to follow movements in equity markets, with investors treating it like a traditional risk asset.


Sentiment: POSITIVE

Tickers: CSG.N-CHBTC.CM=COINUBSG-CH

Keywords: ubs group agtechnologycoinbase global incmarketsbusiness newsinternetcredit suisse group agcurrency marketsbitcoin/usd coin metricscryptocurrency

Source: https://www.cnbc.com/2023/03/29/bitcoin-btc-climbs-to-28k-as-traders-shrug-off-regulatory-crackdown.html


Developed by Leo Phan