Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Tanimariya on November 03, 2021, 04:02:12 PM
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Goldman Sachs has moved forward its projection for the first Fed interest rate hike to July 2022. Bitcoin’s October rally appears to have put the cryptocurrency on a firm footing ahead of central bank meetings in the U.S., U.K., and Australia to assess the stickiness of inflation and determine policy response.
The top cryptocurrency rallied nearly 40% in October, hitting a fresh record high of $66,975 as investors cheered positive seasonality and the launch of futures-based bitcoin exchange-traded funds (ETF) in the U.S. That was the biggest single-month percentage rally since December 2020, according to CoinDesk data. Source Link
(https://www.coindesk.com/markets/2021/11/01/bitcoin-eyes-fed-meeting-after-biggest-monthly-price-gain-since-december-2020/)