First Mover Americas: Bitcoin Hits $27K for First Time in Two Weeks

First Mover Americas: Bitcoin Hits $27K for First Time in Two Weeks


This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.

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Bitcoin held just above $27,000 after rising to the highest since Aug. 31 as U.S. rates traders penciled in greater odds of the Federal Reserve keeping borrowing costs unchanged later this week and through the rest of the year. The leading cryptocurrency by market value jumped to $27,220 Monday, having climbed almost 8% since the ominous-sounding death cross pattern appeared on its daily price chart a week ago. The

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