Bitcoin's redemption arc: Can the $90,000 breakout really hold?
From deriv.com
Bitcoin’s redemption arc has arrived in full view as the world’s largest cryptocurrency claws back above $90,000, raising the question of whether this breakout can truly hold. The move follows a sharp rebound from the ~$80,400 trough seen only days earlier, driven largely by rising expectations that the Federal Reserve may cut rates in December and a broader shift back toward risk assets, according to reports. Yet Bitcoin’s rally sits on fragile ground, with spot ETFs still experiencing weak inflows and month-on-month performance showing BTC down nearly 19%, underscoring the uneven footing behind the bounce. Analysts ...
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