Bitcoin’s Rally to $30K Being Driven by Good Old-Fashioned Spot BTC Buying
The Breakdown
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The Fed's Tightening Cycle: What's Next?
In 2019, the bitcoin price ran up by more than 3x in the second quarter. The biggest of all macro drivers right now is that the Fed is quickly arriving at the end of its tightening cycle. US Treasuries have indeed priced in monetary loosening with the yield on a two-year note recently falling below 4% from a peak above 5%.
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