Trading Bitcoin can be tricky — Here’s 3 key macroeconomic indicators worth following
Knowing when to buy and when to sell Bitcoin can be nerve-racking for investors, but a BTC macro cheat sheet from Cane Island Digital could ease the process. Source link
Macroeconomic data once again ‘key driver’ of crypto prices, CoinShares says
Macroeconomic signals drove sharp reversals in crypto flows last week, CoinShares reports, with $940 million in outflows wiping out early inflows. Digital asset investment products saw $48 million in net inflows, but nearly $1 billion that poured in earlier in the week was offset by $940 million in outflows as fresh economic data and hawkish […]
Bitcoin ETF inflows slump as BTC falls over 5% amid macroeconomic pressures
Spot Bitcoin exchange-traded funds experienced a sharp drop in inflows on Jan. 7 as Bitcoin fell 5%, driven by rising expectations of a more hawkish approach from the Federal Reserve. Bitcoin, the world’s largest cryptocurrency, surged past $102,000 yesterday, sparking renewed optimism among investors anticipating a market rally ahead of President-elect Donald Trump’s upcoming inauguration. […]
