Matrixport: Wall Street Capital May Drive a New Bitcoin Rally
Odaily Planet Daily News: Matrixport released today’s chart, noting that Bitcoin is currently testing recent resistance levels, but the market response has been relatively muted. Despite continued ETF inflows and U.S. stocks repeatedly hitting new highs driven by retail investors, Bitcoin’s upward momentum remains limited and its performance is relatively weak. As summer approaches, market activity typically cools down, and such consolidation patterns are not uncommon for this time of year. Meanwhile, market expectations regarding Federal Reserve policy are also shifting. As more officials begin to question whether tariff-driven inflation is sustainable, expectations for rate cuts are rising, and the Fed’s stance is gradually turning more dovish.
Against this backdrop, traders’ attention may shift away from the progress of tariff negotiations and instead focus on keeping pace with the stock market. The strong performance of U.S. equities has become a key indicator, and the incremental capital brought in by Wall Street through ETFs could become an important driving force for a new round of Bitcoin gains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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