First Mover Americas: Betting Against Bitcoin Was Popular Move Last Week

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

• 2023-02-27
• risky assets

Bitcoin hits six-month high as investors warm to risk

Bitcoin touched a six-month high on Thursday, swept higher with equities and other relatively risky assets as investors gained confidence in the economic outlook and dismissed concern about regulatory scrutiny of the sector. Bitcoin has risen nearly 50% so far this year from around $16,500, where it languished in early January bruised by the collapse of major crypto exchange FTX and a sell-off in many assets caused by global central banks raising interest rates aggressively. Other than during

• 2023-02-16
• risky assets Bitcoin crypto regulation