Bitcoin’s brief rally to $76K may have been a bull trap: Here’s the data
Bitcoin rallied alongside stocks and investors’ hope for interest rate cuts, but is the rejection at $76,000 a sign of a bull trap?
Key takeaways:
The US Federal Reserve’s shift toward balance sheet expansion may provide the liquidity needed to boost Bitcoin and broader risk markets.
The war in Iran and high oil prices might be driving investors toward scarce assets to hedge against rising inflation.