Bitcoin Tops $84K & Ethereum $2.5K as Macro Risks Loom
Photo: ETHNews
Bitcoin recovered to $84,355 on October 21, gaining 1.72% in 24 hours as the cryptocurrency market capitalization reached approximately $2.8 trillion. Historical BTC and S&P 500 drawdowns highlight the risk that weakness in U.S. equities could undermine the cryptocurrency’s recovery. The Federal Reserve’s October 28 policy decision could influence Treasury yields, the dollar and investor demand for risk assets. Bitcoin climbed back above $84,000 on Wednesday, recovering a closely watched price level as cryptocurrency markets advanced.
Source: ETHNews
