Bitcoin Jumps 5% to One-Week High Near $38K as Crypto Rebounds on Expected Rate Hike Pause
- Bitcoin rose over 5% on Wednesday to near $38,000, a one-week high
- Bitcoin has increased around 125% so far in 2022
- The crypto sector has rallied recently as expected end of rate hikes brings money back into high-risk assets
- Bitcoin remains far from the frenzy of late 2021
- The rise comes as central banks near the end of expected rate hike cycles