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Bitcoin Roaring Back As AI Stocks Surge
BTC Bouncing Back Bitcoin prices are pushing higher again today with the futures market up almost 2% on the day, now up almost 4% off the week’s lows. The move higher comes amidst a fresh surge in institutional demand as BTC ETFs post their fifth consecutive day of inflows. Total ETF inflows topped $727 million as of yesterday, making the biggest run of buying since early June before BTC reversed lower amidst a heavy run of outflows. In terms of what’s driving the shift in sentiment, it’s likely that the recent inflation miss in the US is playing a big part. Fed rate hike expectations cooled on the back of the ... (full story)
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