BTC Halving: Sell-The-News or Buy-The-Alt-Rotation
Contrasting Bitcoin derivatives with Ethereum’s tells us a story around the potential opportunity for a post-halving rotation.
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Bitcoin Price
Contrasting Bitcoin derivatives with Ethereum’s tells us a story around the potential opportunity for a post-halving rotation.
Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted.
U.S.-listed spot bitcoin ETFs saw over $830 million of outflows so far this week, and are poised for the first negative week since late January.
The market might take a breather this weekend, says Singapore’s QCP Capital.
Bitcoin needs to reclaim the $69,000 level to reignite its uptrend, one trader noted.
Bernstein boosts bitcoin year-end price target ( Hans Eiskonen/Unsplash)
Fed policymakers maintained their outlook for three rate cuts by the end of the year, alleviating market risk of a more hawkish stance.
Policymakers forecasted Wednesday they would lower interest rates to 4.6% by year-end, similarly to their December projection.
Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday’s FOMC meeting, one market observer said.
Bitcoin’s price has begun a recovery, trading above $68,5K as the day continues.