Read Time:40 Second
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%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
0
0