Bitcoin bulls nonetheless maintain the lead, even within the face of elevated regulatory FUD


(Bitcoin) value topped $25,000 on February 21, up 53% year-to-date. On the time, final week’s U.S. retail gross sales information was nicely above market consensus, so it is smart to anticipate the rally to proceed. This raised investor hopes for a comfortable touchdown within the US economic system and avoiding a recession.

The culminating success of the US Federal Reserve’s technique is to lift rates of interest and cut back the shrinkage of its $9 trillion stability sheet with out severely harming the economic system. If that miracle occurs, the end result might be worthwhile for dangerous belongings corresponding to shares, commodities and Bitcoin.

USDC Peer-to-Peer vs. . Supply: OKX
Bitcoin 2-month futures annualized premium.Supply: Levitas

Hold studying on Cointelegraph

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