Bitcoin is exhibiting strength for a second consecutive week, largely supported by institutional interest. The cryptocurrency has attracted substantial inflows into Bitcoin-related ETFs, amounting to USD 165.7 million yesterday alone and totaling USD 661.2 million for the week. However, this positive momentum was challenged by Donald Trump's recent speech, which failed to present clear policies related to cryptocurrency. The resulting uncertainty led to increased liquidations of long positions, highlighting how political comments can significantly impact market dynamics and sentiment towards risk assets like Bitcoin.
Bitcoin's resilience is reinforced by significant institutional support, indicated by major inflows into Bitcoin ETFs, illustrating sustained confidence from large investors.
Despite a strong week marked by institutional interest, Trump's speech creates market volatility, reflecting how sensitive Bitcoin is to political discourse and global uncertainty.
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