PANews, July 3 - According to a report by Jinshi, analysts at Saxo Bank stated that as macroeconomic concerns ease and continued inflows into ETFs boost cryptocurrency sentiment, Bitcoin has risen to a three-week high. They noted that the trade agreement between the United States and Vietnam has increased market optimism, with tariffs lower than previously feared. The weak ADP private employment report released on Wednesday added to bets on a Federal Reserve interest rate cut, further supporting risk appetite. With the rise of BlackRock's Bitcoin ETF and the new iShares Ethereum ETF, institutional demand for cryptocurrencies remains strong.
