As Wall Street Turns Suddenly Bullish, Questions Arise if Bitcoin Will Follow or Flop

Wall Street strategists say markets have cleared several of September’s biggest fears. Bitcoin (BTC) jumped more than 6% to trade near $86,600 as risk appetite returned. Anastasia Amoroso is chief investment strategist at Partners Group.

She told CNBC’s Closing Bell that fears over oil, artificial intelligence (AI) safety and higher rates have eased. That has cleared room for stocks to climb further into year end.

Fed and BOJ Hikes Fail to Rattle Markets The Federal Reserve and the Bank of Japan (BOJ) both raised interest rates this month. The move initially unsettled investors bracing for tighter policy.

Ryan Detrick, chief market strategist at Carson Group, said the Fed’s tone came across as more dovish than expected. That has helped extend a stretch in which the S&P 500 has gone 37 days without a 1% decline.