Bitcoin Tops $23,000 in Bet on Post-Fed Thawing of Crypto Winter
- Prospect of less aggressive monetary tightening boosts crypto
- Similar optimism after May and June Fed meetings didn’t last
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The prospect of a less pugnacious Federal Reserve is encouraging bets that the crypto winter is closer to thawing.
Bitcoin rose as much as 2.9% on Thursday in Asia after a near-9% jump a day earlier, when the Fed raised rates by 75 basis points for a second month but signaled the pace of tightening will, in time, slow down.