Bitcoin FOMO trickles back at $94K, but Fed could spoil the party

Bitcoin surged to $94,625, its highest in three weeks, as positive social sentiment returned, but comments from the Fed on Wednesday could put it back on shaky ground.

Bitcoin prices surged to a three-week high on Tuesday in a “much-needed rebound” that has caused traders to “FOMO back in and expect higher prices,” according to blockchain analytics firm Santiment.

Bitcoin (BTC) prices jumped to $94,625 on Coinbase in late trading on Tuesday, according to TradingView, its highest level since Nov. 25.

Santiment said this has led to an explosion of social media calls for “higher” and “above” across various platforms.

Read more