Bitcoin’s Next Move May Have Nothing to Do With AI — Wintermute Points to Oil
Photo: Crypto Economy
TL;DR Bitcoin’s latest decline reflects growing macroeconomic pressure, with oil prices emerging as a key driver of investor sentiment. U.S. spot Bitcoin ETFs recorded $636 million in net outflows on Thursday as crude oil climbed to $116.72 per barrel. The Federal Reserve held interest rates at 3.75%–4%, while inflation concerns and Bitcoin’s struggle to reclaim ... Read more
Source: Crypto Economy
