Tuesday, October 26, 2021
HomeNewsBitcoin Rises Closer to $7,000 as Federal Reserve Calms Unsettled Market

Bitcoin Rises Closer to $7,000 as Federal Reserve Calms Unsettled Market

BTC began its upward journey on Monday after it successfully rose past $6,000 and continued rising further. Currently trading at $6,699, BTC has climbed 4.95% in the last 24 hours and is showing signs of good health.

Bitcoin’s rise could be traced to the Federal Reserve’s announcement, in trying to calm the agitated market, as the country battles the coronavirus pandemic.

Kahskari also expressed optimism about the current situation, adding that since the country got through the 2008 financial crisis, it will get through the current one.

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