Bitcoin breaks out to the upside!
BTC/USD COINBASE:BTCUSD
President Biden will meet with Federal Reserve Chairman Jerome Powell on Tuesday to discuss the state of the U.S. and global economy, the White House said late Sunday, as the central bank races to withdraw stimulus amid the worst inflation in 40 years.
The rally, put down to investor enthusiasm for riskier assets being stoked by China’s easing of Covid curbs, has seen the bitcoin price jump 5% over the last 24 hours, putting it back above $30,000. Ethereum has followed bitcoin higher, also up 5%, while challenger Cardano is leading the top ten, up 10%.
