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Bitcoin is trading above $20,000 Tuesday to the highest level since Oct. 6, amid renewed hopes among investors that the Federal Reserve may slow the pace of its aggressive rate hikes by year-end. Bitcoin went up 5% Tuesday while Ether rallied 11% to around $1,500, the loftiest level since Sept. 15, according to CoinDesk data. The yield on the 10-year Treasury note went down 15 basis points on Tuesday to 4.098%. Major stock indexes climbed on Tuesday, with the Dow Jones Industrial Average rising to a six-week high. The S&P 500 gained 1.6% Tuesday and the Nasdaq Composite advanced 2.2%.
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