Bitcoin and $65K: Increased Demand Driven by Federal Reserve Rate Cut Expectations in Optimistic Market

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In our latest blog post, we dive into the US BTC-Spot ETF market inflows, highlighting a streak that has now extended to seven. Investors are closely watching the Coinbase Bitcoin Premium Index, as it reflects the surge in demand for BTC, pushing the price to $65,000. With insights from Farside Investors, we see that various ETFs experienced net inflows, with the US BTC-spot ETF market reporting the highest inflows since July.

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Looking ahead, we outline key events to watch in the coming week that could impact the crypto markets, including consumer confidence figures, labor market data, and the US Personal Income and Outlays Report. Additionally, we highlight the ongoing US government supply risk and the implications it could have on BTC prices.

Our technical analysis section delves into the current state of Bitcoin, showcasing bullish signals with BTC hovering above key EMAs. We provide potential price targets and support levels to watch for, taking into account market chatter and sentiment toward the Fed rate path.

Stay informed and stay ahead of the game with Extreme Investor Network. For more in-depth analysis and expert insights, be sure to follow our blog and stay updated on the latest market trends. Let us help you navigate the complexities of the Stock Market and achieve your investment goals.

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