Bitcoin Steady Near $38.5K as Australian Central Bank Ends Easing Program

Bitcoin Steady Near .5K as Australian Central Bank Ends Easing Program
Bitcoin prices were steady during early Tuesday after the Reserve Bank of Australia (RBA) terminated the liquidity-boosting bond purchase program, also known as quantitative easing (QE), and tamed rate hike fears.The Australian central bank announced an end of the weekly A$4 billion ($2.8 billion) in government bond purchases and maintained the benchmark interest rate at a record low of 0.1%. Most economists had predicted an end of the QE, with the jobless rate dipping to a 13-year low of 4.2% and core inflation surging to seven-year highs of 2.6%.RBA’s decision to end QE comes on the heels of markets pricing…