Bitcoin turned downward briefly early Friday morning in Asia before regaining ground to trade over $29.2K. ETH was down slightly over the past 4 hours. DOGE was down, but XLM rose modestly. JPRubin23 writes
Bitcoin ticked down slightly on Friday morning in Asia after a Nikkei report that the Bank of Japan was mulling a change to its yield curve control policy, but then recovered lost ground quickly to trade at $29,210, off about 0.15% over the past four hours and down 1% from Thursday, same time.
BTC has spent the past 24 hours largely unstirred by dueling 25 basis point interest rate hikes – both expected – first by the the U.S. central bank and then the European Central Bank . Its resilience continues a recent trend of brushing off macroeconomic events that previously weighed on cryptos. Ether has been following a similar path and was recently changing hands at $1,856, a 0.6% drop-off during the past four hours and down 1% from the previous day, same time.Brent Xu, chief executive officer and co-founder of Web3 bond-market platform Umee, sees the current stasis amid rising rates as a sign of strength but also expects a continuation.
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