While gold prices have edged down, the price of Bitcoin stayed above US$28,000, its highest level in 10 months, for a second straight day on Wednesday, with experts predicting it might go up further if the US Federal Reserve does not raise interest rates this week.
Bitcoin prices, which have shot up by 30% since March 10 as banking woes erupted in the US and Europe, would not react much if the US central bank raised its policy rates by 0.25% as the market widely expects, Swissblock wrote in its crypto market insights report.
