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Bitcoin Rallies on Record Institutional Demand
Bitcoin prices are no doubt high up on many traders’ watchlist on Monday. The leading crypto asset has recovered firmly over the last two weeks with prices now looking poised for a fresh break higher. The futures market has soared by almost 30% off the YTD lows, now retesting the underside of the broken bull channel. A recovery in risk sentiment linked to US/China trade optimism has been the key driver behind the push higher and should we hear any positive headlines this week, BTC prices look well placed to spring board higher. The rally in BTC has been endorsed by a strong uptick in institutional demand. Indeed, ... (full story)
