Posted 11/28/2023, 6:59:28 PM
Bitcoin Rebounds to $38K on Dovish Fed Comments and ETF Hopes
- Bitcoin price now over $38,000, hitting a 3-week high
- Price spike follows dovish comments from Federal Reserve governor about slowing economy and reducing inflation
- Investors feel confident putting money into Bitcoin with lower interest rates
- Optimism around potential US approval of a Bitcoin ETF driving institutional investments
- Bitcoin recovering after major hit from collapse of Terra blockchain in May 2022