'Paid to wait': Bitcoin presses toward $65,000 as Treasuries out-yield the carry trade for only second time on record

Bitcoin (BTC) firmed toward $65,000 on Thursday, holding above $64,500 as a run of softer U.S. economic data eased fears of another Federal Reserve rate hike and offset the hawkish tone of Wednesday's decision.

The steadiness is itself the story.

Bitcoin traded in a tight band through both the Fed hold and Chair Kevin Warsh's press conference, then edged higher as Thursday's data landed, a composure that stands out against a Nasdaq 100 in correction and a chip index in a bear market, according to Nexo analyst Iliya Kalchev.

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Composure through the cross-currents