Bitcoin bounces above $43,000, turns positive for 2024
Publishing timestamp: 2024-01-29 16:05:31
Summary
The price of bitcoin surpassed $43,000 as it continued to gain momentum. Bitcoin ETFs have been driving the cryptocurrency's price action, but investors are also monitoring macro influences, such as the Federal Reserve's policy meeting. Lower interest rates could benefit bitcoin, and historically, it has outperformed the S&P 500 on Fed days.
Sentiment: MIXED
Tickers: ADA.CM=, BTC.CM=, SOL.CM=, ETH.CM=,
Keywords: cardano/usd coin metrics, solana/usd coin metrics, business news, ethereum/usd coin metrics, technology, cryptocurrency, bitcoin/usd coin metrics,
Source: https://www.cnbc.com/2024/01/29/bitcoin-bounces-above-43000-turns-positive-for-2024.html