Bitcoin (BTCUSD) was originally marketed as a non-correlated digital asset and a hedge against fiat debasement. However, market behavior now contradicts that thesis. Price action in the benchmark ...
Bitcoin is up about 7% from the Sunday lows, even as equities and gold tread water. Analysts point to seller exhaustion, shifting gold correlation and improving ETF flows.
Professional traders see less than 17% odds of Bitcoin hitting $78,000 soon, as the conflict in the Middle East weighs on market sentiment.
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