Bitcoin’s Latest Show: Still Tight‑Rung but on the Radar
Bitcoin, the ever‑shapeshifting crypto champion, is wrapping up a second week of gains, and it’s still trading in a relatively narrow band. It’s like that one kid who keeps slipping between the cracks – resilient, but hard to pin down.
Short‑Term Strength Fuels the Bulge
What’s kept the crypto beast buoyant? Institutional enthusiasm. ETFs that track Bitcoin have been pouring in fresh capital, with yesterday’s inflow hitting USD 165.7 million—now climbing the week’s total to roughly USD 661.2 million. Investors are putting their money where their mouths are, betting on Bitcoin as a hedge amid global uncertainty.
Trump’s Speech: A Storm in a Calm Market
- Expectations were high for policy chatter that could spark a rally.
- Outcome? The former president delivered a rant full of political smears instead of concrete crypto policy.
- This left traders jittery, triggering a rush of liquidations in long positions—more than the shorts. The runaway sell‑off sent the price down.
- Lesson: Market nerves flare up at political drama. Sudden policy doubts can swing risk appetite, leading to wild price swings.
What’s Next?
While institutional traction gives Bitcoin a hopeful outlook, political turbulence and macro‑economic headwinds can still twitch its short‑term performance. Keep an eye out—cryptos are still the wild card of the financial carnival.
