Bitcoin Tops $58K After U.S. Tech Stocks Rise

Bitcoin
rose

above
$58,000

on
the
back
of
a
rally
in
U.S.
technology
stocks.
U.S.
inflation
data
on
Wednesday
seemed
to
solidify
the
prospect
of
a
25
basis-point
interest-rate
cut
by
the
Fed
this
month,
following
which
Nvidia,
Microsoft,
Google
and
Apple
all
registered
gains.
BTC
is
currently
priced
just
above
$58,000,
2.4%
higher
in
the
last
24
hours,
while
the
broader
crypto
market
has
risen
about
2.2%,
as
measured
by
the
CoinDesk
20
Index.
However,
bitcoin
ETFs’
inflow
streak
was
halted
after
just
two
days,
registering
outflows
of
$43
million
on
Wednesday.