6 days ago • Posted by Ajmir Omid

#Bitcoin rebounds as selloff moderates #crypto #markets #trading

Bitcoin is rebounding from an earlier brief collapse below USD30'000 as the selling pressure on risk assets moderates. The world’s largest digital token is adding 5% so far trading around USD32'600. Rising real rates led by Fed's tightening monetary policy to combat inflation are creating an obstacle for speculative assets like cryptos. Whether the calm will last is an open question. Coinbase is expected to release earnings after market close, potentially offering some clues on institutional interest.