Grayscale Bitcoin Trust rises 2.4% as largest bitcoin fund says it has formally kicked off plan to convert into an ETF


briefly jumped above $40,000, a psychological level, as the Federal Reserve Chairman Jerome Powell speaks Wednesday after the central bank raised a key interest rate by a half point and said that in June it will start a multi-trillion dollar balance sheet contraction. Powell said the Fed is not actively considering a 75 basis point rate hike but the “broad sense in the committee is that 50 bps should be on the table at next meetings.” Bitcoin is up 5.8% from 24 hours ago to around $39,855, according to CoinDesk data. Ether

rose 6.2% to around $2,951.

Source link

Leave a Reply

Your email address will not be published.