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Bitcoin Rallying On Dovish Fed Signals
Bitcoin is bouncing back firmly midweek. Following a sharp drop lower yesterday. BTC futures have now almost entirely erased those losses, trading back up towards the key $108,855 level. The latest industry data reflects continued strength in institutional and corporate demand for BTC. Institutional buyers delivered more than $1.5 billion in net-inflows over the last three weeks despite the consolidation we’ve seen around current levels. With demand still growing and price holding just below ATH, the outlook remains skewed towards a breakout higher near-term. US Jobs Data Due Looking ahead, focus over the remainder ... (full story)
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