Bitcoin Reversal Grows Ahead of FOMC Minutes
From tickmill.com
Bitcoin prices remain under pressure through the middle of the week with the futures market breaking down to fresh lows for the month earlier today. The move comes on the back of a 3% slide yesterday with BTC now down almost 10% from the all-time highs printed last week. Given the expectation that the Fed will push ahead with fresh easing next month, and with institutional adoption in the US poised to soar following Trump’s 401k inclusion order, the move seems likely linked to profit taking rather than a shift in sentiment. Bitcoin often sees volatility when attempting to breakout to new highs and for now the current ...
(full story)