Bitcoin holds $61K after US jobs data report, AI sector weakness: Did BTC bottom?
Bitcoin bulls may make a run on $70,000 after weak US jobs data eased rate hike fears and capital looks to rotate into BTC and gold.
Cointelegraph·
Analysts are divided on Bitcoin's next move, but there's some hope at last. Meanwhile, SharpLink has resumed buying Ether after an eight-week pause, and other market news.
Read full articleBitcoin bulls may make a run on $70,000 after weak US jobs data eased rate hike fears and capital looks to rotate into BTC and gold.
Strategy's importance to Bitcoin is likely to diminish next cycle as institutional investors emerge as the market's dominant buyers.
In 2011, $2.7 billion of inflows sent Bitcoin up more than 55,000%. This cycle, $697 billion produced 689%. A leading analyst says the math has changed so much that the next parabolic run needs a trillion dollars. Here is the…
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