#TradingTools101 The price of the first cryptocurrency continues to rise, despite outflows from spot ETFs and social tensions in the USA. The main reason for the rise, according to experts, is shifts in the macroeconomic situation. Easing tensions in trade relations between the USA and China and a decline of 8.3% in the dollar index since the beginning of the year have prompted investors to seek alternative assets, one of which has been Bitcoin.
Despite local outflows from Bitcoin funds, the total net inflow into these instruments since their launch in the USA has reached $43.4 billion. The specialist considers this a sign of sustained interest in the asset from major players.