Imminent ETF Approval Triggers a Bullish Wave in Bitcoin Futures
In today’s Crypto Comments video, we discuss the drivers behind Bitcoin’s bullish price action to start the year, elevated leverage conditions, recent layer-2 token outperformance, and Coinbase’s recent sell-off.
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As we anticipated in mid-April, May 1st appears to have been a pivotal date for interest rates, which have broadly declined since the QRA and FOMC meetings. The release of soft jobs data on Friday has increased expectations for rate cuts within this calendar year. Flows are gradually beginning to return. https://vimeo. com/943861897/2d60db497b? share=copy