The cryptocurrency market leader, Bitcoin, has experienced notable price fluctuations recently, driven by a combination of market news and historical trends.
From a fundamental standpoint, the underwhelming U.S. Non-Farm Payroll report initially sparked a positive reaction, as it led to a softening in both the U.S. dollar and bond yields. However, this upward movement was short-lived, as much of the report's impact had already been factored into the market, resulting in a swift "sell on the news" response. Concurrently, the flows into and out of spot Bitcoin ETFs have shown inconsistency, alte