Bitcoin Eyes $40K as $1B in BTC Withdrawals Suggests Bullish Mood

“The Federal Reserve has paused its rate hiking cycle and central banks around the world are following,” Anthony Rousseau, head of brokerage at TradeStation, told CoinDesk in an email. “It’s plausible to believe we have reached the heights of this tightening cycle. For risk assets to get a sustained bid we will need to see a path forward with lower rates and an end to Quantitative Tightening.”

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