The reasons behind the sudden surge in Bitcoin over the past two days
1. The dovish remarks by Federal Reserve officials: Fed Governor Waller said on Thursday that if the upcoming August inflation data continues to show easing price pressures, he is inclined to keep interest rates unchanged at the September FOMC meeting.
2. Stocks in the US rose, lifting Bitcoin and other cryptocurrencies.
3. BlackRock purchased 1,500 BTC today, worth more than $120 million.
4. In the past two days, net inflows into Bitcoin ETFs have exceeded $800 million.
1. The dovish remarks by Federal Reserve officials: Fed Governor Waller said on Thursday that if the upcoming August inflation data continues to show easing price pressures, he is inclined to keep interest rates unchanged at the September FOMC meeting.
2. Stocks in the US rose, lifting Bitcoin and other cryptocurrencies.
3. BlackRock purchased 1,500 BTC today, worth more than $120 million.
4. In the past two days, net inflows into Bitcoin ETFs have exceeded $800 million.