Bitcoin surges above $95,000 as ether, solana, cardano jump 8% on investor optimism
Lower inflation eased pressure on bond yields and improved liquidity conditions, a setup that has historically favored crypto and other risk assets.
Lower inflation eased pressure on bond yields and improved liquidity conditions, a setup that has historically favored crypto and other risk assets.
The ETP offers physically backed exposure to bitcoin and gold in a single investment vehicle.
The asset manager’s base case assumes bitcoin gains traction as a settlement tool and reserve asset over the next 25 years.
U.S. employment data for December was mixed, while inflation expectations edged higher, and the U.S. Supreme Court did not deliver a ruling on the Trump Administration’s tariffs.
The early rally to start the year failed to break past $95,000, setting the stage for the current pullback, according to one trading firm.
Bitcoin BTC$92,783.58 and the wider crypto market succumbed to a wave of selling pressure during the Asia session, prompting a drop to about $91,530 at 10:00 a.m. UTC from around a local high of $93,750 at midnight. The sell-off follows a failed attempt at breaking… Read More