$BTC Breaks through again to over $80,000, once touching around $81,000, setting a new three-and-a-half-month high.
Behind this round of gains, it’s not just a rebound in market sentiment.
Weakness in the U.S. dollar, ETF inflows, and expectations for macro liquidity are all starting to influence the Crypto market again.
But it may be too early to shout “the start of a new bull market” right now.
What’s really worth watching is this:
Can the price hold above $80,000, and can funds continue to flow in?
Price is responsible for generating sentiment, while capital determines the trend.
#BTC #Bitcoin #Crypto
Behind this round of gains, it’s not just a rebound in market sentiment.
Weakness in the U.S. dollar, ETF inflows, and expectations for macro liquidity are all starting to influence the Crypto market again.
But it may be too early to shout “the start of a new bull market” right now.
What’s really worth watching is this:
Can the price hold above $80,000, and can funds continue to flow in?
Price is responsible for generating sentiment, while capital determines the trend.
#BTC #Bitcoin #Crypto
