scorecardresearchCryptoverse: Bitcoin beats the heat in a jumpin' July

Cryptoverse: Bitcoin beats the heat in a jumpin' July

Updated: 02 Aug 2022, 11:23 AM IST
TL;DR.
The rally was in step with gains of riskier assets such as stocks as investors bet that economic weakness could deter the Fed from aggressively tightening monetary policy.
FILE PHOTO: A representation of virtual currency bitcoin and a U.S. one dollar banknote are seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File Photo

FILE PHOTO: A representation of virtual currency bitcoin and a U.S. one dollar banknote are seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File Photo