Bitcoin Climbs to $65,000 as Cooling U.S. Data Eases September Rate Hike Fears
Bitcoin climbed to $65,000 on Thursday, holding the level as softer U.S. economic figures eased market concerns regarding a potential September interest rate hike.
The move follows a Federal Reserve meeting where the central bank held rates steady alongside three hawkish dissents. According to data provider Glassnode, broader market activity remains subdued, with spot trading volume at its lowest point since 2019 and cash currently out-yielding the crypto carry trade.
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@bitcoin$64,769.17 #Bitcoin
@bitcoinmagazineJUST IN: $65,000 Bitcoin 🚀
@bitcoinnews🏔️ #Bitcoin climbs back to $65,000 🟠 $BTC
@theblockcoTHE BLOCK: Bitcoin $BTC pressed toward $65,000 on Thursday, holding firm as cooling U.S. data eased fears of a September rate hike, a day after the Fed held with three hawkish dissents. Glassnode says the market has gone quiet on every sur