Bitcoin Price Gets Fed Boost, but Bond Yields Could Play Spoilsport: Analysts

Bitcoin’s bull run looks set to continue after the Federal Reserve reconfirmed its pro-stimulus stance this week.

“The narrative for bitcoin as the preferred store of value has only strengthened in the wake of Powell’s comments,” Matthew Dibb, co-founder and COO of Stack Funds said. “Our outlook on BTC remains very bullish, recent retracement to $53,000 was a short-lived pull back before the cryptocurrency makes way to fresh all time highs.”

Fed Reserve Chair Jerome Powell pushed…


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