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Matrixport: Wall Street Funds May Drive Bitcoin to a New Round of Growth
Summary: Matrixport released a chart today indicating that Bitcoin is testing recent resistance levels, but market response has been relatively tepid. Despite continuous inflow of ETF funds and record highs in the US stock market driven by retail investors, Bitcoin's upward momentum remains limited and the trend is weak. As summer approaches, market activity tends to ...
Matrixport released a chart today indicating that Bitcoin is testing recent resistance levels, but market response has been relatively tepid. Despite continuous inflow of ETF funds and record highs in the US stock market driven by retail investors, Bitcoin's upward momentum remains limited and the trend is weak. As summer approaches, market activity tends to slow down, and this consolidation phase is not uncommon for this time of year. Meanwhile, market expectations for Fed policy are changing. With more officials questioning the sustainability of inflation brought on by tariffs, expectations for rate cuts are increasing, and the Fed's stance is gradually turning dovish. In this context, traders may shift their focus from tariff negotiations to following the stock market's rhythm. The strong performance of the US stock market has become a benchmark, and the incremental funds brought in by Wall Street through ETFs may become a key driver for a new round of growth in Bitcoin.
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Link: Matrixport: Wall Street Funds May Drive Bitcoin to a New Round of Growth [Copy]
