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The price of bitcoin surged above $87,000 on Friday morning in New York, buoyed by constant exchange-traded fund flows and a jobs report showing that
Bitcoin CRYPTO:BTCUSD is breaking out of its consolidation range this week, rallying almost 15% off the Sept. 15 low, even as a prominent trader said he’s starting to build a “massive short” at current levels.Why QCP Calls This a Flow Trade, Not a Macro ShiftQCP Markets wrote in its Oct. 2 Market C…
Cooler inflation and two dovish Fed speakers have shifted the odds toward a rate hold, with payrolls due and CPI landing on October 14.