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Bullish Sentiment Building in Bitcoin
Bitcoin prices are starting the week in the green with BTC futures lightly bid through early European trading on Monday. The market broke out to fresh highs for the month last week as traders reacted to softer US inflation. However, the market has yet to see proper follow through on the initial move, suggesting some hesitation ahead of a fresh test of current highs. Traders are now once again looking for the Fed to ease in September, having previously pushed out easing expectations to November. If the Fed easing narrative starts to gain proper traction again, this should help keep Bitcoin prices supported near-term. ... (full story)