-
Bitcoin’s Wild Price Swings Point to the Rising Influence of ETF Buyers
Bitcoin appears to be conforming more to the conventional viewpoints of traditional investors who have recently entered the digital asset world through the introduction of US exchange-traded funds. The largest cryptocurrency surged Friday after a report showing a smaller-than-forecast increase in US employment renewed expectations for interest rate cuts, raising the appeal of speculative assets. The rally helped to erase most of the losses registered earlier in the week posted on growing concern Federal Reserve officials were becoming more hawkish and demand for the ETFs is ebbing. “What this week has taught us is ... (full story)