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Why Isn't Bitcoin Moving?
Bitcoin prices have been largely muted over the last week. Despite the sell off in USD and the broad pick up in risk appetite, crypto assets have seemingly failed to benefit with BTC futures stuck in a tightly congested block between 57,215 and 60,695. Prices recovered following the rout we saw at the start of August as risk markets tumbled in response to surging fears over the health of the US economy. However, since those fears subsided in response to a slew of positive data, and despite USD selling off on increased Fed easing expectations, BTC has remained penned in. One likely reason is that stocks have been seen ... (full story)
