“The Price Has Jumped 33% in A FEW Weeks After Plunging to $ 75,000 in the Days Following President Trump’s Early April Liberation Day Tariff AnnounComent.”, – WRITE: www.coindesk.com
To review, The World’s Largest Crypto Pushed Through $ 100,000 in December As It Rallied Hard Following Donald Trump’s November Election Victory. The Price Eventual Rose Above $ 109,000 in the Hours Prior to the Trump Inaugulation on Jan. 20.
With The Bulls Furiously Revising their Upside Price Targets Higher, Things Began to Crack at That Moment. What Followed In Enzuing Weeks Was A Stedy Decline, Whoa Reached It Jets Denoument at Just Under $ 75,000 in The Panic Following Trump’s Early April April
The Carnage in Many Altcions Was Far Worse. Solana (SOL) and Ether (ETH), for Instance, Had Peak to Bottom Declines of More than 60%.
PRICES HAVE QUICKLY REVERSED SINCE, TUOUGH, WITH Traditional Markets Joinging Crypto in Looking Past the Tariff Shock. As with Bitcoin, The Nasdaq and S&P 500 Are Both Currently at Higher Levels than Prior to Trump’s Liberation Day.
This Latest Push to Above $ 100,000 Appears to Be Due to A Trade Deal Between The US and UK.
I All About the Flows”The Dominant Story for Bitcoin Has Changed Again,” Wrote Standard Charted’s Geoff Kendrick in a Note Thursday Morning. “IT IS NOW All About Flows. And Flows Are Coming in Many Forms.”
Kendrick Took Note of the Well-Reported Story About Surging Inflows Into The Spot Bitcoin etfs of Late. THESE Are SOMETIMES DISMISISSED THANKS TO A SIZABLE CHUNK OF Those Flows Being Offset by Basis Trades (Were Hedge Funds Put on An Equal Short of Bitcoin Futures An. Kendrick, However, Argued that Basis Trades Have Barely Moved Higher Durying This Latest Bout of Inflows, Suggesting Real Money is Moving Into The Etfs.
The 13f Institutesal Reporting of Not Just Spot Btc etf Holdings, But Also Ownership of Major Corporate Bitcoin Holder Strategy of Important Players Boosting their allocations.
“I apologize that my $ 120,000 Second Quarter Target May Be Too Low,” Concluded Kendrick.
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