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Bitcoin Rally Stalls Following Record ETF Demand
Following a strong start to the week, the rally in BTC has petered out for now with Bitcoin futures capped at the 69,355 level. The market was seen advancing strongly over up to Wednesday, with futures gaining 16% off last week’s lows as bullish sentiment took hold. The move had been linked to a shift in outlook on the US elections with traders again pricing in a higher likelihood of a Trump win following a downturn in that perspective over late summer. Seen as the more pro-crypto candidate, Trump has been polling better in state surveys recently with some national polls showing him in the lead. Uncertainty ahead ... (full story)
