"Bitcoin rose for a second consecutive session on Thursday, moving back near the USD 90,000 threshold as global risk sentiment improved. The rebound follows signs of de-escalation in tensions between the United States and Europe, which had recently weighed heavily on risk assets. However, uncertainty remains around the durability and scope of any agreement. The improvement in sentiment has yet to be reflected in institutional flows."
"Spot Bitcoin ETFs recorded their third consecutive day of outflows, with withdrawals of around USD 708 million yesterday. Ethereum products also experienced significant redemptions of approximately USD 287 million. Looking ahead, today's US GDP and PCE data represent the next potential catalyst. Softer growth or inflation readings could reinforce expectations of a more dovish Federal Reserve stance, supporting risk assets such as Bitcoin. Conversely, resilient data may limit upside and keep the cryptocurrency range-bound despite the recent geopolitical relief."
Bitcoin rose for a second consecutive session, approaching the USD 90,000 threshold as global risk sentiment improved. Signs of de-escalation in tensions between the United States and Europe eased pressure on risk assets, though uncertainty persists about the durability and scope of any agreement. Institutional flows did not mirror the sentiment improvement: spot Bitcoin ETFs logged a third straight day of outflows of about USD 708 million, while Ethereum products saw redemptions near USD 287 million. US GDP and PCE releases stand as the next potential catalysts; softer readings could bolster expectations of a more dovish Federal Reserve, supporting risk assets.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]