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Crypto

Bitcoin Treads Water as US Stocks Bounce Back from Rate Hike

Guavy AI Editorial Team
Instruments
BTC
Share

The Bitcoin price has been consolidating near $76,500 after Thursday's Wall Street open. This followed a recent dip in US stocks, which rebounded with a 1.5% gain in the Nasdaq Composite Index.

The Federal Reserve's 0.25% interest-rate hike had caused a slight drop below $76,000 for Bitcoin. However, investors are now buying into US stocks, leading to a recovery in the market.

CryptoQuant's Bull Score Index has been tracking market conditions and is currently at 60/100, indicating a bullish trend but also some cooling momentum.

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