Are you looking to stay ahead of the game when it comes to the latest news and trends in the cryptocurrency market? Look no further than Extreme Investor Network for all your trading needs.
Our team of experts is constantly monitoring the market and providing unique insights to help you make informed decisions. In a recent update, we saw Bitcoin (BTC) take a dip on Wednesday due to hotter-than-expected US labor market data. This caused a decrease in demand for BTC as bets on a December 25-basis point Fed rate cut also dropped.
But don’t let this setback discourage you. The US BTC-spot ETF market has been showing promising signs with a six-day inflow streak, reaching net inflows of $870.1 million on October 29. Despite the dip in demand for US BTC-spot ETFs following the labor market data, there is still a strong interest in this market.
Looking at the price action of BTC, we saw a slight slip on Wednesday, partially reversing a previous rally. However, with market-friendly US data and a rise in US BTC-spot ETFs, we could see BTC reaching new highs in the near future.
Stay updated with Extreme Investor Network for the latest analysis, trends, and opportunities in the stock market and cryptocurrency trading. Our unique insights will give you the edge you need to succeed in this fast-paced market.