- U.S. Congress moves closer to ending the government shutdown, lifting macro sentiment and Bitcoin’s price outlook.
- Institutional inflows accelerate, with Strive and MicroStrategy adding over $200 million in BTC this week.
- Technical indicators suggest Bitcoin could extend its recovery toward $110,000 if momentum sustains.
Bitcoin climbed back above $106,000 on Tuesday, helped by signs Congress can end the 41-day U.S. government shutdown, firmer bets on Federal Reserve rate cuts, and fresh balance-sheet buying from corporates, traders noted. The latest BTC corporate buys from Strategy and Strive, and a cleaner technical setup above $105,000 rounded out five factors supporting the move, putting the $107,000 to $110,000 band back in focus.
Bitcoin gets policy relief as shutdown deal firms up
Firstly, the rally kicked off as Fox News correspondent, Chad Pergram con…
Read The Full Article Here Are The Top 5 Reasons Bitcoin Is Bouncing Back Today On Coin Edition.
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