Bitcoin’s outlook remains bullish despite macro setback: Grayscale
The upcoming US presidential inauguration could be a positive catalyst, the asset manager said.
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The upcoming US presidential inauguration could be a positive catalyst, the asset manager said.
Bitcoin price is chasing $95,000 after showing modest gains today as several onchain BTC metrics are hinting at signs of a potential bottom.
The market sentiment index score hasn’t been in the “Neutral” zone since Oct. 14, when Bitcoin was trading around $63,000.
Bitcoin’s recent price woes near $92,000 are short-term, and one analyst says traders should ignore the market noise.
The hard drive containing over 8,000 Bitcoin was mistakenly disposed of in a landfill in 2013.
Rising concerns about Federal Reserve monetary policy and rising bond rates are having a negative impact on Bitcoin’s price.
The incoming Trump administration’s crypto regulations and the US Federal Reserve’s monetary policy path remain the biggest factors influencing Bitcoin’s price trajectory.
Bitcoin price sold-off today, but heavy demand below $98,000 is prepping the market for the next leg higher.
The central bank governor, Aleš Michl, recently said he was considering investing in Bitcoin as part of the bank’s diversification strategy.
The return of the Bitcoin “Coinbase premium” could be a sign that BTC price is on the path to $138,000.
