##  [# Hot Reads: Bitcoin Spikes 11%](/sections/daily-hot-reads/hot-reads-bitcoin-spikes-11) 

 

# Hot Reads: Bitcoin Spikes 11%

 

 

Plus, why the strong economy is a sign rates could go higher than most have expected.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Feb 16, 2023

 Edited by: Heather Bell

 

 

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[**Bitcoin Surges 11% Despite US Crackdown**](https://www.cnbc.com/2023/02/16/bitcoin-btc-price-surges-as-crypto-market-gains-84-billion-in-value.html) (CNBC)  
 Increased regulatory scrutiny from the government didn’t hold bitcoin back.

[**US Rates May Be Headed Higher Than Anyone Expects**](https://www.bloomberg.com/news/articles/2023-02-16/us-rates-may-be-heading-higher-than-wall-street-or-the-fed-think?srnd=premium&sref=MAODZZNF) (Bloomberg)  
 In spite of the Fed’s most aggressive credit tightening campaign in four decades, the U.S. economy and financial markets started 2023 with a bang.

[**Strong Retail Sales' Rebound Gives Fed More Room on Rates**](https://www.capitalspectator.com/strong-rebound-in-retail-sales-gives-fed-more-room-to-lift-rates/) (The Capital Spectator)  
 For the moment at least, it appears that the Federal Reserve’s aggressive campaign to tame inflation by slowing economic activity is faltering.

[**Inflation Will Be Harder to Tame Than Markets Think**](https://www.economist.com/leaders/2023/02/16/inflation-will-be-harder-to-bring-down-than-markets-think) (The Economist)  
 Investors are betting on good times. The likelier prospect is turbulence.

[**Traders Yank $1B From EMB After Hot Start in 2023**](https://www.bloomberg.com/news/articles/2023-02-15/ishares-s-emb-daily-outflows-514-6-mln-in-third-day-of-losses?sref=MAODZZNF) (Bloomberg)  
 The emerging market bond ETF saw investors nervous about the Fed’s stance pull assets.

[**Hedge Fund Launches Dip to Lowest Level in a Decade**](https://www.institutionalinvestor.com/article/b8xgn3g95294fk/Hedge-Fund-Launches-Dip-to-the-Lowest-Level-in-Over-a-Decade) (Institutional Investor)  
 The majority of new funds were long/short equity strategies—even after a year of underperformance, according to SigTech.

[**State Street &amp; Invesco Eye Listing of Japan Active ETFs**](https://www.ft.com/content/efdf6d0c-510f-4309-b830-5677eba8e299) (Financial Times)  
 The Tokyo Stock Exchange is expected to give the first such vehicles a green light later this year.



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


 Related Topics  [Bitcoin](http://www.etf.com/topics/bitcoin) 

 [Crypto](http://www.etf.com/topics/cryptocurrency)