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International Business Times
International Business Times
Business
Panos Mourdoukoutas Ph.D.

Bitcoin And Bonds Rally, As Stock Momentum Stalls On Profit-taking — What Is Next

Bitcoin ETF (Exchange-Traded Fund) (Credit: Kostenlose Bilder mit KI/flickr)

Bitcoin and Treasury bonds led another rally on Wall Street as momentum for stocks stalled on profit-taking.

The digital currency traded close to the $70,000 mark after crossing the $60,000 mark a week earlier. It was up 2.3% for the week, on solid interest from the newly established ETFs, the prospects of lower interest rates, and a tighter supply on the upcoming halving in April.

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