Investing.com– Bitcoin climbed on Wednesday, recovering some of the late losses as traders lock-in profits from a recent rally and anticipation of more cues on U.S. policy spurred caution.
The world’s largest cryptocurrency has been on an extended downturn since late last week as investors locked-in profits from a run-up to record highs. Traders were also somewhat disappointed as the crypto failed to clear the coveted $100,000 level.
Risk appetite was further dented by U.S. President-elect Donald Trump threatening to impose more trade tariffs on several countries, sparking fears of a renewed trade war.
climbed 1.8% to $93,936.0 by 08:49 ET (13:49 GMT).
US econ. data, Trump policies in focus
Focus this week was on a slew of key U.S. economic readings, which are likely to factor into the outlook for interest rates.
The PCE Price Index data- the Federal…
Read More
