“The 2023 bitcoin rally unfolded in five phases: starting with a reaction to inflation trends, followed by a banking crisis response, a surge due to BlackRock’s ETF filing, a boost from Federal Reserve policy shifts, and finally, developments in SEC regulations regarding bitcoin ETFs, “Markus Thielen, Matrixport’s head of research, wrote in a new report.
Bitcoin (BTC) Prices Could Hit Highs of $74K as Selling Pressure Eases, Traders Say
“Short-term Bitcoin holders are selling at basically zero profit and traders are depleting their unrealized profits in the last few...