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🔥 Bitcoin Breaks the Downtrend and Breaks through $65,000
After yesterday's data according to the CPI, which coincided with forecasts and turned out to be lower than in March, the dollar index fell by 1%, which caused BTC to increase by 8% per day and the price broke through $66 thousand. The fall in inflation in April may signal the approaching reduction of interest rates by the Federal Reserve.
📈 On the daily chart, BTC broke through the downward trend line that has limited BTC's growth since March. Thus, BTC begins to form an upward trend.
🇺🇸 Inflows into the ETF totaled $303 million, with even the Grayscale ETF receiving inflows of $27 million, indicating renewed interest among institutional investors.
💸 Hedge fund Millennium Management bought Bitcoin ETF worth $2 billion, which was one of the largest purchases in recent memory.
