Bitcoin's 8% Rally This Past Week Is Being Powered By 2 Catalysts Investors May Not Be Paying Enough Attention To
Bitcoin (CRYPTO: BTC) has put forward a very impressive showing over the past week, surging 8.3% since last Friday's close at 4:00 p.m. ET. Of course, this rally was off a very low base, with the world's largest cryptocurrency dropping precipitously from a recent all-time high of over $126,000 per token on Oct. 6. There are many reasons why investors may have felt comfortable investing in Bitcoin after its recent drop of more than 25% from its peak to recent lows below $90,000 per token. Of course, shifting investor sentiment across all risk assets has a significant impact on this move, with the macro environment for other AI-related growth stocks (and the NASDAQ overall) improving considerably over the past week.That said, let's dive into some token-specific catalysts investors appear to be honing in on that may be more important than the macro story right now. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool