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Bitcoin gets a positive bounce following State of the Union
Bitcoin bounced back following President Trump’s State of the Union speech Tuesday evening and is up 5.7% in the last 24 hours. The asset reached $66,900 Wednesday morning, a welcome reprieve after dropping to the $62,000 level a couple of days ago. The asset is still down 16.9% so far this month, CoinGlass data shows. Bitcoin ETFs also returned to seeing inflows on Monday, registering $257.7 million, the most since February 6, according to SoSoValue. Stan Low, a researcher at Grvt, told Sherwood News that bitcoin is “finally fighting back” and “demonstrating signs of recovery.” “This has been a silver ... (full story)
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