22 Hrs
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المشهد العربي
Crypto rally amid tensions and Fed outlook
Cryptocurrencies recorded gains during today's trading session, with Bitcoin rising to approximately $77,580, an increase of 0.42%. Experts predict it could reach $400,000 by the end of 2030, after posting a 23% gain in August. These increases come amid geopolitical tensions in the Middle East and U.S. data indicating accelerating inflation, as well as expectations of a significant rate hike by the Federal Reserve. Digital assets have also responded to geopolitical events, while the U.S. dollar is strengthening against major currencies in anticipation of the Federal Reserve's decision.
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