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Bitcoin, Ethereum Technical Analysis: BTC Jumps to 6-Month High Above $24,000 – Market Updates Bitcoin News

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BTC rises above $24,000, whilst ETH nears $1,700.

On Wednesday, the central bank moved to increase rates by 25 basis points, while signaling that further hikes could be on the cards. Ethereum also rallied, with prices nearing $1,700.) rose to a six-month high on Thursday, with prices climbing above $24,000 for the first time since August.

The move came as the Federal Reserve opted to increase interest rates by 25 basis points in its latest policy meeting.

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BTC is super strong right now. We might see some short squeezes on stocks like $MARA or $RIOT if it continues to have momentum.

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