Bitcoin hovered above $30,000 on Friday amid multiple signals pointing to further rate hikes this year. BTC was up 0.2% at 12:40 p.m. in New York, according to data from CoinGecko.
Nexo co-founder Antoni Trenchev said wage growth and unemployment will worry Fed hawks, meaning we’re not out of the woods yet on rate hikes. However, even in the face of hawkish news, Bitcoin bulls remain calm and hold their ground.