Bitfinex Alpha | Solid Floor Established for Bitcoin, but What Macro Gives It Can Take Away
Review full report
Subscribe to Bitfinex Alpha
Subscribe
to Bitfinex Alpha!
Want to receive Alpha from Bitfinex every week?
Subscribe
if (document.cookie.indexOf('sticky-note-subscribe=1') === -1) { document.querySelector('#sticky-note-subscribe').style.display = 'block' } document.querySelector('#sticky-note-subscribe-cta').addEventListener('click', (e) => { e.preventDefault(); document.querySelector('#sticky-note-subscribe').style.display = 'none' document.cookie = 'sticky-note-subscribe=1; max-age=7776000'; });
.wp-block-buttons > .wp-block-button { flex: 1; } .wp-block-buttons .wp-block-button .wp-block-button__link { display: block; text-align: center; } .wp-block-buttons .wp-block-button:last-child .wp-block-button__link { background-color: #1ABC91; border-color: #1abc9c; color: #fff; }
Bitcoin achieved its highest daily close last week since April 12th. Following a softer-than-expected Consumer Price Index (CPI) inflation report, BTC was up 7.54 percent on the day and up 8.7 percent on the week. Further supporting the price have been exchange outflows amounting to 55,000 BTC, indicating supportive market sentiment and reinforcing our view that a bottom for the Bitcoin price has been reached.
