Bitcoin Hits $86,000 Despite Fed Rate Hikes, VanEck's Sigel and Former CFTC Chair Explain Why
- —Bitcoin reached $86,000 amid Fed rate hikes
- —VanEck's Sigel tied the move to US fiscal risks
- —Former CFTC chair pointed to institutional demand as a driver
Why it matters: If bitcoin rallies against a hawkish Fed, it challenges the usual macro playbook and strengthens the hedge narrative for holders.
Source: Google News (crypto query)