Bitcoin price surges to K, but traders warn that ‘real pain’ is due for altcoins

Bitcoin price surges to $43K, but traders warn that ‘real pain’ is due for altcoins

Bitcoin (BTC) fell slightly into the Wall Street open on Jan. 11 after the largest cryptocurrency failed to crack resistance above $42,000, but fresh comments from U.S. Federal Reserve chair Jerome Powell appear to be providing a boost to markets.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bitcoin squares off at support

According to Powell, the United States is likely to remain in a low-interest environment for some time, a comment that stocks and risk-on assets like…


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