PERDANA CRYPTO – Starting to climb, the Bitcoin price is ready to break the US $ 60000 level again. Bitcoin is trying to break the US $ 60,000 level. On Thursday (6/5), the price of the largest crypto asset in the world had perched at the level of US $ 58,000, after falling to the position of US $ 53,000 on Tuesday (4/5).
“Bitcoin could see continued momentum, returning above the US $ 60,000 only on the Fidelity Investments news,” said Edward Moya, Senior Market Analyst at Oanda, describing the news as a “game-changer”.
In addition, the news of Galaxy Digital, a financial services company focused on crypto, agreed to buy BitGo, a digital asset trust company, is another positive development for Bitcoin.
Bitcoin was in full recovery mode on Wednesday as traders brushed aside concerns about a hike in US interest rates, which had rocked the crypto-asset market the day before.
The rebound occurred as US stock markets strengthened on strong economic data and after US Treasury Secretary Janet Yellen withdrew her warning about the end of loose monetary policy.
The party will continue, the Bitcoin price is ready to break the US $ 60000 level again
Bitcoin is often traded in sync with traditional markets. This is because crypto assets are increasingly viewed by large institutional investors as a hedge against future inflation.
“Yellen clarified his comments and withdrew everything,” Moya told CoinDesk.
“Federal Reserve Chairman Jerome Powell is now in charge and he remains dovish, ready to support the economy,” said Mati Greenspan, Founder of Quantum Economics.