🚀 Bitcoin's Rollercoaster: Stuck Below $66K 🎢
- Despite a 5.2% gain in early October, Bitcoin can't seem to break the $66,000 ceiling. Analysts say the ever-growing US federal debt might help, but it's not the magic bullet for short-term gains.
- Global monetary base expanded by $4 trillion since June, but Bitcoin still hit a wall at $68,000. Seems like socio-political drama is the real party pooper here.
- Strong US dollar and unexpected job data are making investors jittery, pushing them towards safer bets. Even Goldman Sachs is feeling bullish about stocks, not crypto.
- Bitcoin futures show a balanced demand, but $335M in ETF outflows since October 1st isn't helping.
Stay tuned, crypto fans! 🌐