Bitcoin's Bottom in Question as Economic Yields Rise
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5 Articles
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin price: Did BTC’s 47% rebound confirm the bottom?
Bitcoin has rebounded 46.9% from $57,800, but Binance Research says history leaves the cycle bottom unconfirmed as yields stay high.
Despite a 47% rise in Bitcoin, a warning: The bottom may be retested. 📈 Bitcoin is at $86,195; the strong recovery from the July low may not yet alone confirm that the bear market is over. 🏦 $3.49 billion inflows into spot $BTC ETFs in September; institutional demand is supporting the recovery. 📉 Smaller losses than in the past are being considered alongside reduced volatility; gains may also remain more limited. 🇺🇸 High US bond yields are …
Binance Research warns that Bitcoin's 46.9% recovery from its July 1st low may not necessarily signify a cycle bottom: four out of five similar rallies in the past have broken through their bottoms.
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