Bitcoin enjoys 12 consecutive days of positive growth for only second time in crypto history

Published by
City AM

By Darren Parkin The price of Bitcoin this morning sits at $20,815, marking a 20.65% increase in the last week. Ethereum has broken through $1,542 and is trading at $1,542, in the positive by 17% over seven days. Most of crypto has rallied on news of last week’s softer inflation numbers, which analysts say could mean a gentler Fed approach in future interest rate hikes. Historically, low interest rates led to increased investor interest in riskier assets such as cryptocurrencies and stocks, which have also been basking in the glow of returned optimism, however long it may last. Bitcoin clocked…

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