A weakening US economy and Fed rate cuts set the stage for Bitcoin’s next move, but, onchain data shows a fragile bull market missing retail demand. Could it return by fall?
Key takeaways:
Bitcoin spent the week fighting to hold above $107,000, but exchange inflows remain at historic lows as retail investors choose to sit on the sidelines.
Stagflation becomes a real risk as US growth slows, but Fed rate cuts could fix the situation and supercharge Bitcoin price.
Need to know what happened in crypto today Here is the latest news on daily
HashKey’s IPO bid puts Hong Kong’s virtual asset regime on display,
10x Research’s Markus Thielen says Bitcoin’s four-year cycle still exists
The Bank of Japan is expected to increase its benchmark interest rates on
The crypto market has shown a modest price rebound in the last three weeks, returning to a total market cap...
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