Bitcoin erases Fed losses as traders eye $40K BTC price target

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All news is good news? Bitcoin price is back near 9-month highs.

US enforcement agencies are turning up the heat on crypto-related crime

U.S. stocks attempted to cancel out their own post-Fed losses, with the S&P 500 up 1.2% on the day at the time of writing. Gold, meanwhile, hit $195.15, gaining an impressive 3.1% versus the daily lows before and edging closer to a $2,000 rematch."We're still in the vacuum of relief, the 'Echo' bubble.

 

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Despite Fed Chair Jerome Powell giving mixed signals over how and if rate hikes would continue, crypto market commentators argued that the sudden drop that Bitcoin witnessed had been over-the-top.

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