Bitcoin ignores Moody’s US debt downgrade, rallies back to 5K after profit-taking sell-off

Bitcoin ignores Moody’s US debt downgrade, rallies back to $105K after profit-taking sell-off

Bitcoin’s sharp sell-off from $107,000 was the result of profit taking, not contagion from Moody’s recent downgrade of US debt. Key takeaways: Bitcoin recovered from its sharp sell-off from $107,000, suggesting it functions as a hedge against uncertainty for investors reacting to Moody’s recent downgrade of US debt. Moody’s downgraded the US credit rating to…

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Bitcoin could rally regardless of what the Federal Reserve FOMC decides this week: Here’s why

Bitcoin can reach $138K in 3 months as macro odds see BTC price upside

BTC price all-time highs are back on the table despite the highly challenging current macroeconomic environment, network economist Timothy Peterson suggests. Bitcoin (BTC) faces “unprecedented” US dollar correlation as new BTC price research gives a $75,000 floor. In one of his latest analyses on April 18, network economist Timothy Peterson calculated that BTC/USD may rise as…

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