A softer-than-expected US jobs report has reduced expectations for further rate hikes, improving the macro backdrop for risk assets such as Bitcoin.
At the same time, US spot $Bitcoin ETFs returned to net inflows of roughly $100 million, pointing to renewed institutional demand as BTC trades around the mid-$80,000s.
Bitcoin’s near-term momentum will likely hinge on upcoming inflation data and whether ETF inflows continue. If flows fade after recent short covering, support for the move could weaken.
$BITCOIN $BTC
At the same time, US spot $Bitcoin ETFs returned to net inflows of roughly $100 million, pointing to renewed institutional demand as BTC trades around the mid-$80,000s.
Bitcoin’s near-term momentum will likely hinge on upcoming inflation data and whether ETF inflows continue. If flows fade after recent short covering, support for the move could weaken.
$BITCOIN $BTC