Bitcoin's attempt to reclaim $60,000 failed after strong US macro data, including sticky inflation and firm demand, led to a flash crash and $482 million in liquidations. BTC fell to $58,189 before recovering slightly, remaining below the key level.
European stock markets closed higher in a subdued trading session, with Milan leading gains. Investors are watching the Middle East for developments in US-Iran talks and awaiting key macroeconomic data releases from the US and Europe.
Bitcoin (BTC) rebounded to $80,000 as US stocks (S&P 500, Dow Jones) ignored high inflation data, reaching new all-time highs. Risk appetite is described as "skyrocketing" with record leveraged ETF AUM. Analysts predict BTC could head to $85,000 next if key support levels hold.
Bitcoin's move above $80,000 is testing whether its latest break from the S&P 500 reflects a real macro regime shift or the market's most liquid risk switch reacting to two different clocks. After months of Bitcoin following the US stock market open in terms of direction, volatility, and stress, it appears to be decoupling from […] The post Bitcoin rally breaks from US stock market as mixed macro data creates bullish setup for BTC appeared first on CryptoSlate.
Bitcoin's move above $80,000 is testing whether its latest break from the S&P 500 reflects a real macro regime shift or the market's most liquid risk switch reacting to two different clocks. After months of Bitcoin following the US stock market open in terms of direction, volatility, and stress, it appears to be decoupling from […] The post Bitcoin breaks from US stock market as mixed macro data creates bullish setup for BTC appeared first on CryptoSlate.
