Bitcoin Makes A Brief Visit To $40K After Rate Hike, But Will The Rebound Be Sustained?

BTC sees an underpinning floor built at $39,500. Bitcoin climbed briefly above $40,000 on May 4 following a 50-basis-point hike in interest rate The current macroeconomic conditions continue to favor bears as $735 million in BTC options expire this Friday. Bitcoin (BTC) has escaped from a downtrend in which it had been sealed since the […]The post Bitcoin Makes A Brief Visit To $40K After Rate Hike, But Will The Rebound Be Sustained? appeared first on Vauld Insights.