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Risky assets remain volatile as trade war tension between the United States and China keeps investors on the edge. A minor positive is that Bitcoin (BTC) has avoided a sharp fall and is trading well above the crucial near-term support at $73,777.
BitMEX co-founder Arthur Hayes said in a post on X that the PBOC (People’s Bank of China) could give the catalyst needed for the next leg of the crypto bull run by weakening the yuan. Such a move led to Chinese capital flight into Bitcoin in 2013 and 2015, and it could work again in 2025.
The situation remains fluid and difficult to predict. Therefore, investors seem to be curtailing risk, as seen from the $595.9 million in outflows from the US-listed spot Bitcoin exchange-traded funds in the past…more
Source cointelegraph.com
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