A new resurgence for Bitcoin towards $100,000?
Buyers managed to regain control of the price at around $95,000. After the buying reaction at the support level of $76,500, the price rose by 25%. BTC is now trading above the support level of $94,500 and around the upward moving averages.
There is a huge influx of capital into cryptocurrency investment products!
Operators are heavily betting on Bitcoin, Ethereum, and XRP.
In recent weeks, operators have been hesitant. In a sign of market uncertainty, last week's CoinShares report showed inflows of only $6 million into cryptocurrency investment products. The report written by James Butterfill - Head of Research at CoinShares - this week indicates massive inflows. In fact, inflows reached nearly $3.5 billion.
This may likely be a result of a more conciliatory speech from Trump regarding tariffs. This may also be a reaction to the weak dollar.
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