Bitcoin Edges Higher on Paring of U.S. Rate-Rise Bets
Dow Jones
Aug 17
0715 GMT - Bitcoin rises as a paring of U.S. interest-rate rise expectations supports risky assets. However, bitcoin's gains are limited amid ongoing uncertainty over the U.S.-Iran conflict, with a deadline to reach a peace deal having passed without any plans announced. Uncertainty over crypto regulation also remains an "important restraint," Zaye Capital Markets analyst Naeem Aslam says in a note, referring to digital assets bill Clarity Act having stalled in the U.S. Senate. Bitcoin's outlook depends on whether improving liquidity and institutional access can overcome regulatory delays and short-term exchange traded fund outflows, he says. Bitcoin rises 0.9% to $63,605, LSEG data show.
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