#BitcoinWithTariffs

Is Bitcoin About to Have a Breakout? Price Study Ahead of a Fed Update

Trading slightly around $85,600, Bitcoin (BTC) surged higher on Tuesday, 1.5% on the day as investors prepared for Fed Chair Jerome Powell's forthcoming address. Markets are looking for signals the Fed could turn toward rate reduction sooner than anticipated as inflation increases and recession worries grow.

Conventional markets also showed promise. While crypto-linked equities like Coinbase (up 1.4% to $178) rode the tide of investor excitement, the S&P 500 and Nasdaq both rose around 1%.