Bitcoin has struggled to maintain levels above $85,000 recently, causing uncertainty about the continuation of the bull Market. Despite a drop of about 30% from its all-time high of $109,354, some indicators show resilience in Bitcoin’s derivatives. The Bitcoin basis rate has partially recovered, although it’s still under the desired premium range. Bitcoin’s movement appears ...
The recent trends in Bitcoin are largely influenced by increased liquidity in the financial system, driven by interest rate cuts and economic stimulus measures. These factors encourage people to invest in assets like Bitcoin, seeing it as a hedge against inflation and currency depreciation, especially among Chinese investors. Additionally, as more institutions accumulate Bitcoin and ...
Investors, used to the ongoing trade tensions between the US and China, appear ready to take on the risk of potential higher tariffs after the upcoming US presidential election. Many are leaning towards Chinese assets, anticipating more government stimulus to support the economy.
