Why Is Bitcoin Price Rallying Above $80,000 Today?

The post Why Is Bitcoin Price Rallying Above $80,000 Today? appeared first on Coinpedia Fintech News

Bitcoin reclaimed $80,000 on Thursday, trading at $80,270.69, up 2.9% over the past 24 hours, as easing Federal Reserve rate hike expectations lifted risk assets across markets. Ethereum climbed back above $2,450, and roughly $86 million in short positions were liquidated within an hour of the move. The rally was supported by stronger-than-expected US economic …