Cautious Optimism in Crypto Market as Bitcoin Tests USD 43K, but Brace for Choppy Weeks

While optimism strengthened in the crypto market on Tuesday, after bitcoin (BTC) tested USD 43,000, and bullish sentiment remained in ethereum (ETH), some analysts warn that "choppy short-term movements may still continue." In either case, the recent bullish moves came despite comments from US Federal Reserve (Fed) Chairman Jerome Powell that were seen as surprisingly hawkish. At 17:59 UTC, BTC was up almost 4% for the past 24 hours and 7% for the week to a price of USD 42,554....Read More: Cautious Optimism in Crypto Market as Bitcoin Tests USD 43K, but Brace for Choppy Weeks