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Bitcoin erased last week's losses as it now challenges a key resistance
Bitcoin got under some selling pressure last week that culminated in a quick selloff on Thursday. The catalyst for the selloff was the spat between Musk and Trump that affected also other risk assets like stocks. The underlying reason was probably the threat of blocking the Trump's tax bill in some way which would have weighed on growth expectations. Tensions eventually eased and things got better, although it's very unlikely to see them get back together. Nevertheless, as tensions eased, bitcoin and stocks started to recoup the losses and experienced a V-shaped recovery. There are mainly three risks for the ... (full story)
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