menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Bitcoin Ne...
source image

Coindoo

1M

read

170

img
dot

Image Credit: Coindoo

Bitcoin Nears All-Time High as Spot Premium Holds and ETF Inflows Resume

  • Bitcoin is approaching its all-time high as spot premiums remain strong and ETF inflows increase, indicating renewed institutional interest.
  • A positive shift is observed as ETF inflows have resumed, leading to price movements in Bitcoin following prior short-term weakness.
  • Recent momentum in the Bitcoin market is accompanied by a rise in open interest, indicating increased market activity, but caution is advised as volatility is expected to increase further in the next 24 to 48 hours.
  • Key catalysts for potential price movements include the U.S. Consumer Price Index data release, developments in U.S.-China trade talks, and a surge in open interest, prompting market participants to prepare for significant moves.

Read Full Article

like

10 Likes

For uninterrupted reading, download the app