The week in review

Published by
City AM

By Kimberly Butler Bitcoin had a sudden surge yesterday breaching $23,000 for the first time and even (briefly) spiking to beyond $24,000 at one point early this morning. So what’s going on and is it likely to stay there? Well, I hope you’re not looking to me for answers. It’s true this seemed to happen very quickly after the Federal Reserve raised interest rates by a pretty chunky 0.75% but this just raises a new set of questions and observations. Can one geographical market really have enough power to move price that much? Wouldn’t that price change be downwards anyway given that this is ano…

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