Bitcoin managed two rallies to around the $66,500 level on Wednesday, one move coming a softer than expected report on March growth in the U.S. service industry...
Most of bitcoin's rally in 2024 roughly came from mid-February to mid-March. It was during this time that the spot ETFs were regularly adding 5,000-13,000 bitcoin each day...
Inflation, which had been receding steadily for all of 2023, has actually turned higher in the first months of 2024. At 3.2% year-over-year in February, it remains well above the Fed's 2% target.
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