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Bitcoin rallies to 3-month high

From sherwood.news

Bitcoin continues to rally following a better-than-expected CPI report on Tuesday, passing $96,000 Wednesday morning, its highest level in three months. Bitcoin ETFs are also in the green, recording $753.7 million in inflows on Tuesday, the largest since October 7, according to SoSoValue. The Fidelity Wise Origin Bitcoin Fund took the lion’s share, with $351.3 million in inflows, followed by the Bitwise Bitcoin ETF, with $159.4 million. Reflecting the renewed optimism, CoinMarketCap’s Fear and Greed Index stands at 52 (neutral), its highest level since the crypto crash on October 10 that triggered $19.1 billion in ... (full story)

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  • Category: Fundamental Analysis