Sunday, May 15, 2022

Bitcoin hits $44K, but traders want to see a few daily closes here before a move higher By Cointelegraph

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© Reuters.

Morale across the cryptocurrency ecosystem is rising on March 24 as several days of positive moves have helped lift (BTC) back above $44,000 and Ether bulls took control at $3,100.

The climbing price of BTC comes amid a backdrop of surging inflation and rising interest rates, which could see up to seven hikes over the course of 2022, according to Minneapolis Federal Reserve President Neel Kashkari.

BTC/USDT 1-day chart. Source: TradingView
1-week chart. Source: Twitter (NYSE:)
BTC/USDT 1-hour chart. Source: Twitter