The price of Bitcoin has been essentially stagnant for several days, awaiting the Federal Reserve’s (Fed) decisions regarding its monetary policy. The picture, however, remains relatively complex. Bitcoin and the Fed The changes in the monetary policy of the Fed directly affect the US dollar, and in particular its market value. Since the value of …
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While Bitcoin is on a recovery path after several weeks of declining prices, some analysts believe the rally may not last. At press time, Bitcoin has notably rebounded, trading above $112,400. This comes after it dipped to $107,271 last week, one of its lowest levels since July. Amid the ongoing recovery, Benjamin Cowen, CEO of …
