The post Why Bitcoin is Up Today? What Next For BTC Price? appeared first on Coinpedia Fintech News
In recent times, the crypto sphere faced a slew of troubles, including collapses, legal battles, and major figures like FTX’s Sam Bankman-Fried and Binance’s Changpeng Zhao facing criminal charges. With Zhao stepping down and a hefty settlement with the U.S. DOJ, some view these cases as pivotal in finally resolving the market’s lingering issues.
Despite this, the price of Bitcoin soared above $40,000, marking a significant rally amid hopes of U.S. interest rate cuts and expectations for the approval of U.S.-stockmarket traded Bitcoin funds. This surge in value coincides with key economic events in the U.S. this week.
Key Economic Events
The Kobeissi Letter, a macroeconomics publication, has compiled a list of key economic events for the United States starting on December 4. On Tuesday, the Institute of Supply Management’s Non-Manufacturing Purchasing Managers’ Index will p
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