Bitcoin is holding above US$75,000 after a Fed hike and failed crypto vote — can the rally survive?

Bitcoin’s rebound from around US$60,000 to the mid-US$70,000s has occurred alongside unusually large swings in interest-rate expectations, bond yields and US crypto policy.

Through Mitrade, eligible Australian clients can use CFDs to take long positions when expecting Bitcoin to rise or short positions when expecting further weakness.

Stop-loss and take-profit orders can be used to define exit levels, while pending orders allow positions to open only when a chosen price is reached.

Accounts can be funded in AUD, and a demo account is available for testing strategies without committing real capital.

Mitrade is regulated in Australia by ASIC. Crypto CFDs are leveraged products, so both gains and losses can be magnified.

Three things to watch next

1. US$80,000: Bitcoin is approaching a level where derivatives positioning has become increasingly concentrated.

2. Bitcoin ETF flows: Continued inflows would support the view that the rebound is attracting fresh institutional capital.

3. The Fed’s next meeting: Another rate increase would keep pressure on liquidity and Treasury yields, while a pause would remove one immediate headwind.

Start trading Bitcoin in three simple steps