Bitcoin bulls are back — that’s right. In the past few hours, the cryptocurrency has been regaining its upward momentum once again, finally showing some bullish price action following the Friday close of the CME’s August BTC futures contracts. This move higher has brought Bitcoin to $10,400, which is some 12% higher than the $9,300 bottom seen last week. What’s weird about this move is that it correlated with price action in the Chinese Yuan-to-U.S. Dollar pair yet again, accentuating that Bitcoin is being influenced by macroeconomic narratives. As pointed out by analyst CL in a recent tweet, the two pairs rose in ... (full story)